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I was 60 days late on my auto loan and this caused my credit report to plunge big time.

I have paid on the account and got it up to current status but my question is this:  Will this remain on my credit report for up to 7 years?  Even though I am caught up on these bills is this going to remain as a negative factor on my credit report and is there anything I can do to have it removed?

About a year ago I hired Lexington Law to remove items on my credit report and my experience is that it is nearly impossible to remove items that are negative when they involve financial lending such as a bank loan or credit card.  

Is there anything I can do?
I would like to think that by next month I can just refresh my credit report and it will show my status as current and this will be behind me but I seriously doubt that's the case.  I'm pretty sure I'll be stuck with this for another 7 years so I really hope I have some options here.

 

 

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It will show current if you are current, however there is a part in the trade line that shows history, and will show t one Imelda you were late. I could be wrong, but I don't think they go back more than 2 or 3 years, and by hen they really won't affect he overall credit rating at ht time.

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It can affect your credit for up to 4 years, and it will show for the full 7 years. Also if you pay the car loan it will have less impact on your credit. I got 1 30 days late on a car loan and that's my experience. Anyways a 60 day late is a minor derog but it still affects your score, as it ages it will affect it less and at 4 years it will just not be considered for the score.

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