Reply
Highlighted
Established Contributor
Posts: 742
Registered: ‎10-02-2007
0

Will This Help At All?...

So my father co-signed a Lexus lease in May of 2010, 339 month payments.

He was trying to re-fi his house and this debt on his CR was hurting him so he paid the balance, about 2200 in full today.

 

Three questions:

 

Will this help me because the lease was paid off 6 months early?

Will Toyota be able to pull up in their records that we paid the lease off early and help me get approved with them in the future if I decide to lease another car?

My father paid the lease the entire time, the $$ came out of his bank account, that does not matter, right?  If only matters if paid on time, it does not matter if the co-signer paid the lease, right?

 

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.