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  1. Any explanation would be great. I thought to list a series of events would be better than some long paragraph. I have pics and proof for all events below. Mid May: Ordered Vehicle (checked credit score showing 730 at the time) June 7: Toyota Financial Services received payment for old lease June 12: TFS closed account June 30: TFS reported to the credit bureau account closed on June 12 Friday July 9: Credit was pulled by dealer (first of knowing of outstanding balance on a said closed account)Was able to get bumped to a Tier 2. (Nothing was reported n
  2. Hi all, I was wondering if anyone had some advice regarding the following: I recently pulled our credit and Ally Financial is showing a charge off (CO) in the amount of $997.77 for a Chevy Volt lease we had back in 2013. The amount was written off sometime in 2020 and we were sent a Form 1099-C. I spoke with Ally Financial today and was told the charges were for excess wear and tear - it was our understanding that when we returned the car this was being taken care of by the dealer - we turned the car in a month or two early with low miles and some equity in it and lease
  3. It's official!!! Ally Financial Approved my loan. I picked up my new car May 10 didn't want to post anything until I knew for sure the contract/loan had been funded. Account is now showing on my Ally online profile. Loan amount: $39,200 APR: 8.34% 72 payments No Docs Required I paid sale taxes out of pocket and I also did a trade. Was this snart? I plan to have this baby paid off in 24 payments. Ally principal payments structuring is a bit confusing. My payments are $697 a month if I pay my loan up for the remainder of this year, will I avoid finance charges for said mont
  4. Long story short, have an old judgement, that while it isn't showing on my credit reports, shows up as public record when the mortgage company pulled my credit. I have to get it paid/settled/removed in order for them to approve my mortgage loan. How can I best protect my assets while I try and settle with them? So far I have been able to fly under their radar as I am self employed, have a different bank account and don't have any auto loans. I know since the judgement they have tried to get information in court from companies I have done contract work for, so I know they are diligently try
  5. I had an accident earlier this year, car was totaled, insurance paid capital one, and there was a portion I still owed ($4K) to Cap 1 on the loan due to being upside down. I called Cap 1, made payment arrangements, made my payments on auto pay. I went to apply for a car loan a couple weeks ago and bank said I had a charge off from Cap 1.. I logged in an see the account has a zero balance, and asking to contact them. I am about to call them, but my score just dropped significantly. Any suggestions on how to remedy this? I can just pay it off, but there was no warning fro
  6. I'm contemplating either refinancing my current used vehicle and see what chances I have, at this point, to actually trade up to a new vehicle. That said, here goes: Your Age? 52 Per MyFICO: Your Equifax Credit Score? 655 Your Experian Credit Score? 641 Your TransUnion Credit Score? 625 How many years have you been on file with Equifax? 30 How many years have you been on file with Experian? 30 How many years have you been on file with TransUnion? 30 YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY Do you have an
  7. I have Ex 710 but my TU and EQ are crap. My driving record is clean and I'm over 40, my rate should be low but amfam is using my TU score and thus my premium is nuts. When I called a person working in my agent's office she said they draw from all of them which I know is not true because I just got a letter from my insurance company saying that they had just pulled me on TU to rate me. So rather than call all over the countryside and get the same answer from people because they don't know what I'm really asking or they don't actually know the information I'm looking for, I'm asking here because
  8. Utilization Consolidation Optimization only using EX HELP! Scores EQ538 TU587 EX638 Amex blue 10K / 4K bal Amex Every 10K / 7500 bal BOA Alaska Air 4500/ 3900 bal DISC 6300/ 4200 bal BECU 2K/ 1500 bal Cap 1 800/ 0 bal CITI 1K/0 bal Credit one 950/ 0 bal First Premier 1K / 0 bal First Premier 400/ 0 bal Student loan 9500/ 9270 bal I was at 690-710 on my scores then loaded my cards, killing my scores from over utilization. Along the way I was dealing with a federal agency penalty which before it got through with the appeal/contesting/a
  9. So, in my line of work, I often come across customers and try to give a nudge in the right direction towards keeping good credit and how to do so One such client got all credit cards cleared but one now (Which they're working on) but has a massive hurdle in the form of a car loan from good ol' JD Byrider (A pox upon their name). They have a 2007 Chevy Impala with over 100,000 miles...and owe about 22,000 on it still, generously speaking worth 2-4k private sale. Even on a pure electric vehicle lease, I can't eat that negative equity in a payment they can afford, and their credit isn't up to
  10. Hey Everyone, I could use some advice. I have two auto loans that I need to refinance. One is for a new work truck that I bought about three months ago. I took the rebate from the dealer with the intention of refinancing after a few months - the standard tier 1 rate was higher than what is offered by my credit union. The truck is in my name and on my personal credit report because putting it in the business name would have not allowed me to take advantage of some of the benefits offered by the dealer. I also have a personal vehicle with a lease that is ending, so I n
  11. Hey guys I'm currently looking to get a mortgage loan. In order to do this, I need to do some tinkering. My Credit Score on FICO 8 is in the 770s - 780s. However, FICO 9 shows at 699 from Experian. The reason is that CitiBank has not yet reported it's new balance to the Bureaus. The utilization on CitiBank shows 110%. It's been at least 60 days, and still nothing (even though I closed the balanced to close to 0% on each statement). They're being quite the inconvenience currently with their delays. Any suggestions? What can I do? This FICO score
  12. We went to a dealership to purchase a car on Nov 10 2018 my daughter signed for the loan on her own." I10 Auto" finacing guy told me First Credit union offers first time buyers program but I may need to co-sign. On Nov 13 I called the dealer to find out on the status of the loan. Someone at the dealer said everything may be ok if we didnt hear anything so I assumed everything was ok. On Nov 21 2018 received a counter offer IAO $xxxxx=xxxxxxx frontends +xxxx backends (GAP & Warranty only) for 60 months due to LTV not within CU lending policy. I called First Credit Union they
  13. So we are looking at getting another’s new truck. Problem is looking at 2017 MY you don’t get all the rebates if you finance with ford motor credit. So so my question is other possible banks to finance with that don’t report to personal like ford, ally etc? we are setup on the personal side with NFCU but not yet for our business. My question is what is the rates for vehicle purchases on the business side and what terms do the go to? We are trying to keep the payment as low as possible and don’t care about stretching it out far as we will pay it off early.
  14. I lost my vehicle last year, someone ran into me. The gap insurance that I had paid off a portion but not all of the loan amount. I was not working, they asked me to pay a $1,000+ balance. I could not. The account has since been charged off. My credit is in the low 400s because of such. How can I remove this charge off?
  15. I purchased a car on Saturday from a used car dealer. I was already pre-approved with Langley Federal and the dealer convinced me that since Langley wouldn't send them payment on Saturday that I could apply with them for "back up financing" so I could drive the car off the lot and they will send over the sales documents to Langley. I receive a call from Langley this morning advising that the only thing they need to close my loan is a front and back copy of the car title. I emailed the finance guy at the dealership and he responds back that they don't have the car title so now I have to
  16. Hello, I was trying to find out some type of understanding on repossessed vehicles in the state of Virginia. I would like to ask is it legal for a loan company to charge interest on a repossessed auto loan that has been written off as uncollectable? I had a bad health situation last year and we lost our main car. I remember receiving one notice stating that I owed like $5000 but now on my credit it is stating that I owe like $22,000. The vehicle was sold last year in November at a repo auction. It was a new model vehicle in excellent condition and the loan balance at the time o
  17. Hello, Ok...ok don't laugh at me too hard. I know it sounds crazy but IF....I could pull this off and of course potential ramifications come into play; so let me have it to keep me focused. Scenario--- I have a Santander account at $1800 that was written off and sold to NCB. Both are not scheduled to fall off my credit reports until mid year 2020. The car, well for all argument sake, will run and has a great deal of sentimental value to me (and my daughter). Yes, I know it is a piece of metal that can be replaced. MarvBear has been helping me over in the
  18. I bought a newer used car on May 18, 2018. The lender is SafeAmerica CU in Pleasanton, CA.. The new car loan posted to my credit reports in June 2018 to Experian and Equifax, but not to TransUnion. This has dinged my credit score on TU because it looks like I don't have an installment loan which hurts my FICO score now that my old car loan was paid off so I have no active installment loans. The CU did not update my payments either on EX or EQ for July that were made on time. Is there any way to get them to add my installment loan to TU and to update my payments with the others? It
  19. Hello, I am at the point of getting pre-qualified to purchase my home after many years of not having one due to a divorce. My auto loan has hit my report as 30 days late within the last couple of days and it's not. That's 1 and 2 the late paying history is all over the place and not accurate. I would love to get this entry removed from my credit file altogether. I am hoping that you have a good letter that I can send to the bureaus to get this removed. A bit more background. I did work to get this updated to paid as agreed from the company and they said it is verified a
  20. if you pay off you loan early who do you get your money back from? the dealer that sold you the car, the bank that held your loan?
  21. Is there a residual valuation guide for current models and model variations of autos? I"m looking to get one last automotive "hurrah" [a high performance car] before I am in the Buick demographic, but I want to get something that holds its' value reasonably well, so if I decide to get rid of it in a few years, I'll get a reasonable amount back. Thanks!
  22. Good Morning, Yesterday afternoon, my son was in an accident - he rear-ended someone that had stopped in the middle of the road to look at a For Sale sign. Of course, he was charged. Hubby & I just successfully completed a 5 year Chapter 13 and we're just getting started triaging our credit report / attempting to rebuild credit. This car needs to be replaced, but I am concerned about: 1) being approved for an auto loan due to our credit score 2) if we ARE approved by someone, I don't want that company to be on a baddy list AFA looking cruddy o
  23. http://www.autodealermonthly.com/channel/finance-office/article/story/2018/07/requiring-buyers-to-buy-service-contracts-read-this.aspx?utm_source=email&utm_medium=enewsletter&utm_campaign=20180728-NL-ADT-Enews-BOBCD180722003&omdt=NL-ADT-Enews&omid=1000693576
  24. I got an auto loan through my dealer with a local credit union last year. I have been offered a job in another state (Alaska) and was wondering if i am allowed to stay with my current loan even though I’m moving? thank you
  25. Credit Application: Your Age? 46 Your Equifax Credit Score? 616 Your Experian Credit Score? 622 Your TransUnion Credit Score? 638 How many years have you been on file with Equifax? 28 How many years have you been on file with Experian? 28 How many years have you been on file with TransUnion? 28 YOUR PREVIOUS AUTOMOTIVE CREDIT HISTORY Do you have an open auto loan? Yes - 36 month loan auto, 36 month motorcycle (both never late) Will this open auto loan be a trade-in? Maybe on 36 month loan How many late pays within the last 12 months on the currently open loan? 0 How many late pays wit
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