This auto loan was paid off Sept 1999. I was one payment behind from March 98 until it was paid off. I was unemployed and just didn't have the extra $340 to bring it current. I don't really know how this is affecting my score, if at all. If it were accurate it would read 'CLOSED' with a '0' balance and not more than 30 days late. What happens if I just leave it alone? Will it sit there as an open acct forever making it look like I've been paying the same car loan since 1995? Account Number: 3664XXXX Acct Type: Installment Acct Status: Open Monthly Payment: $342 Date Open: Nov, 1995 Balance: $1,979 Terms: N/A High Balance: $8,994 Limit: N/A Past Due: $325 Remarks: AUTO Payment Status: Not more than two payments past due Account Two Year History Year: Year 2 1998 > Month: 1 2 3 4 5 6 7 8 9 Equifax:OK OK 30 30 30 30 OK 30 30 30
It looks like you have an open account with an outstanding balance, and it is currently late. That should be lowering your scores. Even getting it to closed, balance 0, with some 30 day lates, should be positive by comparision. It looks like it was never updated by the lender after that condition occurred.
I disputed it as closed, 0 balance, never late. If it works, I'll have a nice 9 year old positive TL. If it drops off and shortens my credit history, well them's the breaks.
