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Posted in Auto Loans
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NewEnglandGuy

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Paid in full but late was 30-60?
Auto loan with Huntington. Opened in April of 2014 and paid in full April of 2016. Was late 30-60 in Oct of 2014 or just over 2 years ago. I find it sad that this was a 48 month loan that was paid in full in about half the time but do to being late once it actually harms my score rather than being an asset. Now the the late payment is over 24 months it should not still be hurting me? Sad that a paid in full auto loan brings down a score rather than help just because of one late payment.

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One late payment can drop your score 100 points. The better your credit score; the worse the damage is.  You're learning a hard lesson in credit. Make ALL payments on time. The damage will lessen as time goes on. Read about credit on this site and others to learn all you can and educate yourself.

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