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The initial loan may post on your report the day the financing is completed, however most times the bank that financed your loan won't report until you make your first or even second payment. However, if it was repossessed before this period that would be reported much more swiftly.
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What is the time delay for new credit specifically a car loan or new mortgage to show on one's credit report?
Usually about 30 days.
If a car is repossessed and the loan is paid in full and you get your car back do you still have a repo on your credit report?
IF the lender posts a repo on your CR, you have one. You will have the repo on your credit report, but it should also show up as "redeemed".
How can being a car loan co signer affect applying for a mortgage?
If they pay the loan late it will report on your credit and effect your credit score--which effects your rate. But if they do pay late, and you can show from cancelled checks that they pay the loan you can still get a loan.
How soon will a new car purchase show on your credit report?
The purchase of a car is not shown on a credit report. The only item that might show would be an account wherein a consumer borrowed money secured by a car. If no money was borrowed, there would be no listing. If a loan was obtained, whether or not the loan shows on your CR would be at the discretion of the lender. Some lenders are members of various Credit Reporting Agencies, some are not.
I co-signed a Toyota loan with my daughter. The car was in default. I was never notified. Car repossessed. I paid off the loan after I found out. How do I get it off my report?
You wait seven years from the date of the last payment. There is no other way to have it removed. Your credit report is a record of your past credit, your credit history. It will also show that you satisfied the debt, and you can add an explanation at the bottom of your report.
If you signed for a car loan for a friend does all theyre bad credit come on the co signers credit report?
No, but if she defaults on the loan then you will have to pay the amount due or suffer the consequences on your credit report.
How long does it take for a new car loan appear on you credit report?
about 3 mo.but it my take up to 12 mo for you to get any credit rating from it.it takes time to show that you will pay a loan on time correctly.
Does a car lease show up on your credit report as debt you owe?
yes it does because when u get approved for a car lease, they use the same verification as if you were buying a car. They check the three main credit bureaus which are transunion ,experian,and equifax.
Can you apply for a car loan if you are disputing items on your credit report?
Get your disputed items cleared and marked paid before you get started on the loan. Having derogatory items on your credit report will affect their opinion of your credit worthiness.
How do you report a paid off car loan if company did not report?
You need to obtain a copy of the letter stating that the loan id paid in full and just show that to them. If they are still telling you that nothing was reported pull a copy of your credit report to be on the safe side. If nothing's on your credit credit and it is still holding you back from getting something else that requires your credit to be checked than contact the Credit agency.
Who may review your credit report?
The car sales person you talked to when you inquired about a loan to buy a car.
How long after repossession can you get a car loan?
The repossession stays on your credit report for 7 years.
