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How can I/should I try to improve reporting on this account?

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I'm not really sure what I should be looking for on this account, so I'm hoping for some input.


Cliff Notes Version: My old vehicle was financed with Citi and I ran into trouble making payments while I was out of work so I took some deferments, partial payment offers, etc. to prevent lates on the account. Citi did not record the arrangements and the loan was sold to Santander and by the time I found out what was going on it was in repo status. I paid it off and prevented the repo but now I'm thinking of looking for another car, I'm thinking the status on this will make it more difficult (and expensive) to get financed. Not to mention it's probably hurting me when seeking other credit as well since the account is in the negative category.


What, if anything, should I address on the payment status as reporting to the CRAs below? Is there a preferable payment status I should try for (since all 3 are different)? Should I try for a deletion altogether? Or just leave it alone?


Santander Consumer USA

Date opened:

EX: 6/1/2006

EQ: 6/1/2006

TU: 6/20/2006

Account type:

EX: Auto Loan

EQ: Installment

TU: Installment


Account status:

EX: closed

EQ: closed

TU: closed


Payment status:

EX: Legally paid in full for less than the full balance

EQ: Bad debt & placed for collection & skip

TU: Payment after charge-off/collection



EX: Election of remedy – reported by subscriber

EQ: Settlement accepted on this account – paid charge off

TU: Settled: less than full balance

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Santander stated that they were offering me a settlement for less than the full balance. It seemed to me like the settlement amount was higher than what I thought the outstanding balance should've been, but as my payments and payment arrangements were not applied correctly, it probably included a hefty amount of fees.


I should also include that final payment was made in October, 2010.

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