Re: Car payoff
02-17-2012 05:42 AM
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.