Super Contributor
Posts: 9,674
Registered: ‎01-28-2010
Re: Car payoff

samy2576 wrote:

I had a car and a loan with Honda Finance. I traded in the car for something else and the dealership was sending a check to Honda for the payoff. My statement date was 2 days ago. Am I going to have to wait all the way til my next statement cycle for the payoff to show on my credit? The check should be arriving any day now.

Even with them paying off the loan, it likely won't be reported as paid off until the next statement cycle. 

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX