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Posted in Auto Loans
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Question By
farland

4 Contributions
1 Person Helped
A car loan balance on my report was paid off 2 weeks ago. why is it not removed??
It was paid off by another dealership!!

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Top Contributor
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It tsakes at least a month for the information to get transferred through the system to where it appears on a credit report.  Should you need an inquiry for a credit account before you see this on your report, it will show up on the information that creditor requests.

That you had this car loan will be noted on your credit history for 7 years from the date it is paid off, because creditors look at that time frame in determining if they want to risk granting you credit.

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