626 People Helped
Member Since: November 2014
You can file a dispute with the credit bureau to address that.
TeamCKJen's reply was:
Closed accounts with negative history usually come off in seven years, but closed accounts with positive history may stay on longer for around ten years to show your creditworthiness.
Congratulations on paying down your debt. Member information on Credit Karma can be updated weekly, but credit bureaus usually report updates on a monthly basis. Give it some time and you'll likely see the changes by the next reporting cycle.
You'll need to lift the security freeze and allow Credit Karma to access your credit report and score. Once that is set-up, then you can reactivate the security freeze and it shouldn't stop updates from occuring on your Credit Karma account.
If you mean account opening and annual maintenance fees, there are custodians that don't charge those fees (such as ETrade or Ally Bank) and some that don't charge those fees but have minimum balance requirements (such as Bank of America $100, Charles Schwab & Co. $1,000).
You can contact the credit bureau to inform them of the error.
An open account with consistent on-time payments is more likely to be beneficial to your credit score than a closed or paid off loan - http://blog.equifax.com/credit/does-paying-off-an-installment-loan-early-affect-my-credit-score/
Late payments may stay on your credit report for around seven years after the first delinquency date.
You have many potential credit scores, not just one. The car loan lender may be using a different scoring model (and possibly basing the score on a different credit report) than Credit Karma, which could account for the difference.
Payment history can have a major impact on your credit score, but so can several other factors including how much credit you use, derogatory marks, the age of your credit history, how many accounts you have and how many hard inquiries are on your report. As for the difference in your credit scores, you may find this article helpful - https://www.creditkarma.com/article/differentscores.
In 2014, over 2,000 lenders, including six of the 10 largest banks, used VantageScore credit scores.