My CU only resorts to EQ. About a two years ago they were bought up by a bigger, but still little and local CU. Shortly after that we bought a van and they did the loan for that. The CU tools up the two loans together and does a blessed rate so it only looks like one loan.
So what is reporting?
Our original car loan through the CU before it was bought up, under "Cute Credit Union." It hasn't reported since 2010, but it does Not Show the balance or payment as zero.
The car loan when it was gobbled up. Hasn't reported since 2011, but does show a balance not as zero and a payment, under "New Credit Union."
The combined loan under "New Credit Union" and it is current reporting every month.
Now, each of these report perfect credit history and Paying as Agreed. But when I look at my installment debt, it's a lot. Obviously this is an easy fix on a mortgage app, I already have a letter from my CU telling the story.
What I'm wondering is if I am seeing an impact to the score at all? I don't want to dispute with the CRA for fear any of it would get deleted and impact my AAoA. I called the CU twice and they have promised to call. I see no change yet. I just want the two old land to update with a zero balance.
