fixing credit report problems
fixing credit report problems
Problems with credit report being wrong?
I had my car reposessed and then reclaimed it 1 week later. I have made my payments on time every month since. It is still showing up on my credit report as a repo and that the account is closed. It’s not showing any payments I am making. I have contacted the bank and they give me the run around. I disputed it on my credit report and they checked with the bank and said it is correct. I have the car in my posession, is there anything I can do to have my credit report fixed?
Yes, it is with the same bank and is still the same account number. All the bank said is that if I am making payments then it should show on my report, even though I sent them a copy of my report showing that it is not reflecting the payments.
Now is the time that you need to start maintaining a log of every conversation and person that you speak to. The more detailed information that you have the more fire the companies will have to try and resolve the issue. But whatever you do, do not give up until the matter is resolved or explained to your satisfaction.
You said the car was repo’d but then you reclaimed it a week later. When you reclaimed the vehicle did you still make the payments to the same bank? Did your account number change or stay the same?
Its possible you reclaimed the car but the acct could have been transferred to another bank and its possible that you could still be paying the same bank – but they closed out your first acct and issued a completely different account. If that’s the case, then the reporting is absolutely correct and will remain a repo.
Whatever the case though – for your current payments that are being made on time, you seriously need to get that added to your credit report to show that you are now honoring the auto loan.
If this doesn’t work – seek an attorney. If you cannot afford one, some states offer free assistance, or check with the EAP program at your employer. In addition the People’s Lawyer is also a good source of info www.peopleslawyer.net. But be sure to identify which state the auto is in because some laws vary from state-to-state
