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
Ocanes99

0 Contributions
0 People Helped
Old auto loan still shows open on credit report
One of the credit reports shows an auto loan to be open, but with a $0 balance. This auto loan was opened in 2013 but the vehicle was returned under the Lemon Law and the loan was closed. Should I dispute this or ask for this account to be closed?

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
5 Contributions
1 Person Helped

If it says paid or pays as agrees it is of no consequence. If it has a different status you should dispute it. Otherwise it will fall off your CR in 7 years. 

Top Contributor
5038 Contributions
1131 People Helped

I would not do anything with it, it may be giving a positive contribution to your scores and removing it may decrease your scores.

Results 1-2 of 2Results 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.