Reply
Frequent Contributor
sarkell
Posts: 345
Registered: ‎02-27-2013
0

Auto loan reporting

So I started a lease in feb 2/17 it reported 10 days later but since then has not reported a payment. I made one in march 3/20 and soon will be making 3rd payment . It's a vw lease I've noticed in general auto loan lease are way behind and sometimes go 2 or 3 months wo reporting. Why is that? I'd normall not car but in new account time period. Just need to be patient and get to August already.
Cards: CSP $5k, Capital One Cash Rewards VS $3100, Discover it $3k Capital One MasterCard $600, Orchard Bank $3k, Barclays Rewards MC $1250 Gapcard $900, BR $300, Neiman Marcus $1k, Macys $1200 Walmart $500
In the garden until I can get a BCP

Starting Score: 534
Current Score: 682 EQ SW 660 TU 636 EX 3/26/13
Goal Score: 720


Take the myFICO Fitness Challenge
Established Member
Barris
Posts: 113
Registered: ‎12-04-2012
0

Re: Auto loan reporting

Sometimes lenders report in bulk during fixed time intervals but 3rd payment without a single report raises a red flag. You should get in touch with the VW people and ask them about it. It could be a problem with the credit bureaus as well so in case VW people claim not to know anything, file a dispute with the credit bureaus. That should put things in order.

Frequent Contributor
sarkell
Posts: 345
Registered: ‎02-27-2013
0

Re: Auto loan reporting

Ok thanks just made the 3rd payment if it does report by the first few days of may ill contact them. Last report was from 2/28 so ill let it have the time to report.
Cards: CSP $5k, Capital One Cash Rewards VS $3100, Discover it $3k Capital One MasterCard $600, Orchard Bank $3k, Barclays Rewards MC $1250 Gapcard $900, BR $300, Neiman Marcus $1k, Macys $1200 Walmart $500
In the garden until I can get a BCP

Starting Score: 534
Current Score: 682 EQ SW 660 TU 636 EX 3/26/13
Goal Score: 720


Take the myFICO Fitness Challenge
Frequent Contributor
sarkell
Posts: 345
Registered: ‎02-27-2013
0

Re: Auto loan reporting

Ok finally updating apparently its updates last day of the month.  However it rakes another 3-4 weeks to show up on cras.  Ugh well it will just take much longer for 6 months.

Cards: CSP $5k, Capital One Cash Rewards VS $3100, Discover it $3k Capital One MasterCard $600, Orchard Bank $3k, Barclays Rewards MC $1250 Gapcard $900, BR $300, Neiman Marcus $1k, Macys $1200 Walmart $500
In the garden until I can get a BCP

Starting Score: 534
Current Score: 682 EQ SW 660 TU 636 EX 3/26/13
Goal Score: 720


Take the myFICO Fitness Challenge

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}