AUTO LOAN LIMITATIONS TO REMOVE OFF CREDIT REPORT

[Anonymous]

NEED ADVICE...

I HAVE 2 GMAC LOANS ON MY CREDIT REPORT THAT HAVE BEEN REPOSSED, OPENED IN 10/2006 AND CHARGED OFF IN 08/2010

GMAC

Account Number

Account Type

Installment Loan

Terms

48 Months

Date Opened

10/01/2006

Account Status

Closed

Payment Status

Late

Payment Status Details

Charge-off

Status Updated

08/01/2010

Balance

$3,576.00

Balance Updated

-

Credit Limit

-

Past Due Amount

$3,576.00

High Balance

-

Monthly Payment

-

Balloon Payment

-

Ownership

Joint Account

Original Creditor

-

Company Sold-to

-

Original Amount

$22,419.00

Comments

**CONSUMER STATEMENT** CO-SIGNED FOR THIS ACCOUNT. I WAS NOT ADVISED OF THE NON-PAYMENT OF THIS ACCOUNT.

AND THIS IS THE 2ND ONE SAYS ALLY INSTEAD OF GMAC...

ALLY FINANCIAL

Account Number

Account Type

Installment Loan

Terms

M 39M

Date Opened

11/23/2007

Account Status

Closed

Payment Status

Late

Payment Status Details

Bad debt & placed for collection & skip

Status Updated

12/30/2016

Balance

$7,402.00

Balance Updated

-

Credit Limit

-

Past Due Amount

$7,402.00

High Balance

-

Monthly Payment

$577.00

Balloon Payment

-

Contact Phone

(888) 925-2559

Joint Account

Original Creditor

-

Company Sold-to

-

Original Amount

-

Comments

null
CHARGED OFF ACCOUNT

ISNT THERE A LIMITATIONS LAW TO GET THESE OFF MY CREDIT?

[StartingOver10]

Do you mean the statute of limitations for your state?  That is entirely different from the reporting period for the repossessions.   The reporting period is 7 years and 180 days from the DOFD.

Have you checked to see if there is a judgment against you for the deficiency amounts on the repossessions?

[Anonymous]

yes that statue.... im in NJ and i did check no judgements