*New* Trying to Repair Credit and lease a car in 7 months

[cartwrna]

Stays on your report for 10 years once closed.

[Anonymous]

I would suggest opening an account with either SDFCU, DCU, or PenFed CU. Get a Pre-Aproval from them as I believe they simply use your FICO 08 rather than the Auto-enhanced score. Call them to verify this as I am not certain. I know that PenFed told me they will use the same pull for an auto refi loan as they use for opening the account.

[Anonymous]

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@cartwrna wrote:
Stays on your report for 10 years once closed.

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Just to clarify - any derogs on the account will drop after they reach 7 years of age - that includes late payments and even a charge off. After that point it may continue to report as a positive account for up to ten years after closure.

[cartwrna]

DCU uses EQ04 score, comparable to the EQ05 here on MyFICO.