Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Auto Loans
Profile Image

Question By
bernadette1

0 Contributions
0 People Helped
how long after car has been paid before it comes off of credit report?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-4 of 4Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
232 Contributions
80 People Helped

If there are late/missed payments then it will be 7 years just like all other information with a negative impact (other than hard inquiries).  If it is in good standing it will be 10+ years.

Top Contributor
7362 Contributions
3808 People Helped

AND, if it is there for at least ten years, that is to your benefit.

Top Contributor
5038 Contributions
1134 People Helped

If it was closed in good standing you want it to remain for as long as possible. NEVER TRY TO REMOVE ACCOUNTS THAT WERE CLOSED IN GOOD STANDING!

Top Contributor
16 Contributions
36 People Helped

Unlike revolving credit - credit cards, store cards - auto loans and personal loans are obviously meant to be paid in full and then closed within a specified  amount of time. Paid in full with no late payments is an asset to your credit score. 

There is no need to remove them. 

Results 1-4 of 4Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.