â A posting in the inventory management system that is made if a material. can no longer be used. This occurs, for example, if a material has deteriorated in. quality or becomes obsolete due to having been kept in storage for too long.
Report Abuse. Repossession, whether voluntary or involuntary, will show up on your credit report for seven years. Any money owed, if not paid, could also show up on your credit report as a charge off.This could seriously affect your ability to apply for any type of credit.hdhayes60 Â· 7 years ago.epossession, whether voluntary or involuntary, will show up on your credit report for seven years. Any money owed, if not paid, could also show up on your credit report as a charge off. This could seriously affect your ability to apply for any type of credit. hdhayes60 Â· 7 years ago.
Foreclosure drops off your credit in 7 years. A foreclosure stays on your credit forever, it doesn't go away. However, 3 years after the discharged date you would be eligible to buy another home. Keep in mind you have to also have your credit score where it needs to be.