In 2000 I entered into an auto lease agreement. I made all payments on time. In 2003 I decided to trade in the leased vehicle for a new car. As I did not understand the lease agreement fully I did not realize that I owed almost $3,000 upon termination of the lease (the new car dealer conveniently left this out of his sells pitch). The amount went to collections and I eventually settled and paid off the bad debt.
Other than one 30 day late payment on another account and a relatively short credit history my report looks ok. My question is when will this account be off of my report?????
