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
erinshea71

0 Contributions
0 People Helped
What do you do after disputing a charge with a company and they ignore you...
I had a car loan, they repossessed the car. It has been over 7 years and it, the loan, was sold to another company. I wrote a dispute letter that they signed for and never responded to. What do I do now to get it off of my credit report?

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
785 Contributions
299 People Helped
Most Helpful Response

Helpful to 1 out of 1 people

It can stay on your credit report around 7 years plus.

Creditors that report an account as charged off or placed for collection must tell the reporting agency the month and year your delin­quency began—which means the month during which the first payment you missed was due. The creditor must do this within 90 days of its reporting of the charge-off. The seven-year period begins 180 days after the delinquency (the first missed payment) that led to the collection activity or charge-off. The clock does not start ticking again if the account is sold to another collection agency, you make a payment on it, or you file a dispute with the credit reporting agency.

For example, say you made your payment on time in December 2010, but missed your January 2012 payment and did not make any more payments after that. The creditor charged off your account nine months later, in September 2012, and reported that to a credit reporting agency. Your delinquency began in January 2012. So the credit reporting agency can report the charge-off for seven years, plus 180 days, until about July 2019.

You can try disputing it on your credit reports through Transunion, Equifax, and Experian. You will need to give a legitimate reason why it should be dropped from your record. 

Result 1-1 of 1Results 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.