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Posted in Auto Loans
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Lovatic18

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Remarks on account / closed or transferred
I had a car payment and about a year later some other car people bought them out and when that happened it said "closed" on my auto loan. I was told it would still give me credit even tho it said closed. And now it says I have a remark on my account / closed or transferred. Just curious if that's a bad thing on credit report?

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No.

The account with the original loan holder was closed and a new one opened by the new loan holder, so not a problem.  It just tells who is holding the loan now.

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