PayCutHurtMe Posted October 29, 2004 Report Share Posted October 29, 2004 This auto loan was paid off Sept 1999. I was one payment behind from March 98 until it was paid off. I was unemployed and just didn't have the extra $340 to bring it current. I don't really know how this acct is affecting my score, if at all. If it were accurate it would read 'CLOSED' with a '0' balance and not more than 30 days late. What happens if I just leave it alone? Will it sit there as an open acct forever making it look like I've been paying the same car loan since 1995? Account Number: 3664XXXX Acct Type: Installment Acct Status: Open Monthly Payment: $342 Date Open: Nov, 1995 Balance: $1,979 Terms: N/A High Balance: $8,994 Limit: N/A Past Due: $325 Remarks: AUTO Payment Status: Not more than two payments past due Account Two Year History Year: Year 2 1998 > Month: 1 2 3 4 5 6 7 8 9 Equifax:OK OK 30 30 30 30 OK 30 30 30 Link to comment Share on other sites More sharing options...
edubb007 Posted October 29, 2004 Report Share Posted October 29, 2004 If you look at the TL on your CR does it say "TERM"? Usually a "INSTALLMENT" TL has a set of terms (length ) to show it is closed regardless of notations! As far as score goes I think this shouldn't be a score thing but a problem getting other revolving/inst credit if they look for prior issues with timely payments from an analysts point of view.I.E... My scores are OK and I've been good since 1999 but I have a baddie on one of my CR that's a C/O and CHASE saw that and said I can't do business with them with any negatives or C/O's. Typically I would've been approved if they looked at scores alone. Got it? L8R! Link to comment Share on other sites More sharing options...
PayCutHurtMe Posted October 29, 2004 Author Report Share Posted October 29, 2004 edubb,No, under terms it just has N/A. It used to say 48. I have no clue why they stopped reporting it a year before it was paid off. I just ordered a paper copy of my EQ. I'll see if it's listed under derogs. I do remember that at one point it turned positive on EX, so of course it fell right off. TU supressed it because Chrysler Credit stopped updating. Link to comment Share on other sites More sharing options...
Ravenous Wolf Posted October 30, 2004 Report Share Posted October 30, 2004 That late payment was a long time ago. 99 and 98 may not be ancient history but it is a long time ago and has little impact since you had so few late payments.In my personal opinion, I would mess with it because getting it accidentally deleted will be a big pain in the [EXPLETIVE DELETED] to try to get it re-inserted.Between 99 and today, have you exhibited responsible credit behavior??? Link to comment Share on other sites More sharing options...
Recommended Posts