Dear Gil,

My name is C.D. I would like to buy a condo next year, and recently had my credit report pulled by Lend America. They stated to me that the one thing holding me back from a high score is the repossession of my car two years ago. The debt was paid off and I did get the car back. Is it possible to have something like that removed off my credit score? I did call Toyota Financial and they told me it was not. They stated to me that it was a marker on my credit report and it will be there for the next seven years, even though it is paid off. Is this statement true?