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Posted in Auto Loans
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Weezie0411

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how long does it take to get your car loans taken off your credit report
paid off 2010

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car loans

any and all credit good or bad is 7 years from the report date. But when it actually comes to a auto loan it is reported the moment you purchase the auto and it reflexs the payments being made until it is paid off. Then it will show on your report as a record of credit as the account is closed. So lets say it took you 5 years to pay it off in good standings. It will then be on your report another 7 years and reflex all payments good and late.

Thats the purpose of a credit report it shows how you manage your debts like morgages, credit cards, auto loans, personal loans, and utilities debts to medical if turned in. But most utilities and medical debts are used against through collections. They never show how you actually pay.

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paid as agreed accounts can stay for 10 years from the date of last activity. accounts not paid as agreed generally 7 years from the date of original delinquency. now, an account that ended in good standing might stay for 10 years, while the late payment might stay for 7 years. however, typical late payments only hurt your score for three years. confused yet lol 

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