Moderator
Revelate
Posts: 9,640
Registered: ‎12-30-2011
Re: Car loan is not reported on credit reports

MovingForward_2012 wrote:
It will hurt your score initially because it is a new account but as it ages, it will increase your score. I would try to get them to report if you can backdated to the beginning if you have never been late as it will show future lenders that you had this loan and paid it off never late. It will help your auto enhanced score on your next car.

Actually in this case the tradeline is already pre-aged, and it should be a straight boost.

 

Everything else is spot on, but I would absolutely atttempt to get it reported OP... certainly any positive tradeline I can get on my reports I want on there, and an auto tradeline is a good one to have.

 

Just be aware that the lender isn't required to report by law, but try to get it done.  Which lender is it?

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 673, EQ 8 707, TU 720, EX 702* (09/02/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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