Helpful Resources

Community

Popular Discussions

Creditmagic Twitter

Credit on Facebook

Home

Credit Forum

Credit repair

Auto loan reports 30 day late payment 2 years later?

Post reply Start a topic

Author

Message

Options

	Print this topic
	Invite a friend
	Email this topic

Bookmark online

	Add to del.icio.us
	Add to YahooMyWeb

mholcomb

Joined: 06 Feb 2009
mholcomb's page
Posts: 1

41 Magic Points

Subject: Auto loan reports 30 day late payment 2 years later?

Fri Feb 06, 2009 5:22 pm

I have an auto loan and I have recently recieved a "deliquency" on my credit report, i called the loan company and they intial informed me I had not ever been thirty days late, then came back on the phone twenty min later to inform me I was 32 days late in March 2007. Can they seriously report this 2 years later even though it shows ok on my report now for that month?

Mary

Joined: 06 Jul 2006
Mary's page
Posts: 686

17404 Magic Points

Mon Feb 09, 2009 12:00 pm

Yes, any negative listing may by reported for seven years according to Fair Credit Reporting Act. Late payment may affect your score but not as much as that of delinquent or a charged off account. Late mark on your credit report does not indicate delinquency. Delinquency occurs if you have not made a payment for a continuous period of six months.
_________________
Where there's a will, there's a way !!

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 4285

140 Magic Points

Mon Feb 09, 2009 6:28 pm

If you were only late on that one payment then I would call them back because as Mary said a deliquency occurs when you have not made a payment for a CONTINUOUS peiod of six months.
When you get a late on your report it will usually go off after you made 12 consecutive payments on time. If they do not remove the deliquency I would then go and dispute this mark with the three credit bureaus and try getting it removed. Hope this helped you. Good Luck.

carol

Joined: 27 Jun 2006
carol's page
Posts: 1307
Location: Los Angeles, California

29565 Magic Points

Tue Feb 10, 2009 9:48 am

Yes, any late payments including late payments on mortgage stays on your credit report for 12 months from the date you make the payment current. However, delinquency stays in your credit report for 7 years and six months and badly affect your score. Now, since the late mark is in your credit report for two years, you can dispute the same with the bureaus and get it removed from your credit report.
_________________
Keep in touch
Carol

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 4285

140 Magic Points

Tue Feb 10, 2009 7:27 pm

So the next step mholcomb is to the dispute process. It would seem this should not be on your report unless it was continously late. If you feel it is on there by error you can quickly get the issued resolved by sending a dispute letter to the credit bureaus.

ann
Guest

Subject: auto payment

Sat Jun 06, 2009 7:47 pm

is it your financial institution reponsibility to give you a courtesy call if your loan is late or maybe mention in when you pay

eterneLycle
Guest

Subject: Оказы&

Wed Jun 15, 2011 12:25 am

Оказываем услуги по поиску потенциальных клиентов для Вашего Бизнеса
Подробнее узнайте по телефону: +79133913837
Email: prodawez@mixmail.com
ICQ: 6288862
Skype: prodawez3837

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889

1387 Magic Points

Subject: credit

Wed Jun 15, 2011 9:14 pm

Wow!!! That's a long time to 'report' you were 30 days late. (Just talking 'outloud' here..) I thought a lender had a 'time limit' they had to report any payment late. I've never had that happen before.

Artie
Guest

Subject: vhhsqnhcRECCxou

Tue Jul 05, 2011 7:52 pm

Glad I've fnilaly found something I agree with!

Jet
Guest

Subject: auto loan

Tue Nov 29, 2011 9:23 am

I was out of the country (latin america) and tried to make my auto payment thru the co web sight and even thru western union, but was no able. I came back into town 1 day later and immeadiately made the payment. The company did not work on the weekends so I was not able to call them. They reported me 30 days late. I sent them a letter from my fathers physician office which was the reason of my trip, but they are still no willing to remove this. What should I do. This has caused my score to drop tremendously.

Discount OEM Software
Guest

Subject: fAEYrGhVwM

Thu Mar 08, 2012 12:54 pm

BVnTz8 A big thank you for your article. Want more.

wholesale men clothing
Guest

Subject: XQLKfodVvjXnxFcr

Wed Mar 21, 2012 2:09 am

This is one awesome article.Really looking forward to read more. Will read on...

Quick Reply

Your Name

Subject

Message body


Page 1 of 1