badreporting

2 Contributions 67 People Helped

Member Since: March 2014

Most Helpful Contribution

How Repossession Affects Your Credit

Jul 01, 2014
Helpful to 67 out of 74 people

My credit report shows a repo on an auto loan. Truth is my auto was stolen and impounded. I reported this to my credit union and in order for me to get the car released from the impound I had to pay the credit union fees. They inturn rewrote my auto loan and listed the original loan as a repo. This should be against the law since the car was reported to the police as stolen. I should not have a "repo" on my credit report. I am still paying for the car and have not missed a payment. Credit reporting is not accurate. My opinion....credit reporting is bogus.

Activity (2 Total Contributions)

How Repossession Affects Your Credit

Jul 01, 2014
Helpful to 67 out of 74 people

My credit report shows a repo on an auto loan. Truth is my auto was stolen and impounded. I reported this to my credit union and in order for me to get the car released from the impound I had to pay the credit union fees. They inturn rewrote my auto loan and listed the original loan as a repo. This should be against the law since the car was reported to the police as stolen. I should not have a "repo" on my credit report. I am still paying for the car and have not missed a payment. Credit reporting is not accurate. My opinion....credit reporting is bogus.

How to dispute an error on your credit report

Jan 15, 2015

Enter Your Reply  My report says I have a Repossession for my auto. the auto was impounded but I paid and got the auto out of impound. My credit union, which I was financed through and still paying for the auto, reported the auto as a repossession. Fact is they said because of the impound the auto had to be refinanced. I have been making payment every month. The credit report shows the account current but it also says the account is closed. the credit union is not reporting my payments. I went from an 18k loan to only oweing $102.00 presently. I have paid for this auto twice, missed no payments. yet my report shows "closed account" and "repossession". its a lost cause to file disputes or to try communicating with credit bureaus. I'll just live with bad credit.