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Posted in Auto Loans
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Question By
xsivone

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0 People Helped
account shows closed but in fact was paid by insurance to zero balance in full
Car loan was paid in full due to insurance loss but the account shows closed with no missed payments. Should I dispute this as inaccurate?

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Top Contributor
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Do[n't dispute.  There is nothing wrong with this closed account. The loan is paid off, it is not a revolving account like a credit card is, so ity will be closed.

Top Contributor
935 Contributions
132 People Helped

You don't have anything to dispute.   It is closed, that is standard for accounts that are no longer active.  Some mark closed, others mark paid and closed.   Closed with no missed payments is the important factor.  It will remain on your credit for credit history for 7 years.   This reference will be important for your next auto finance request.

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