topic Auto loan reporting in Auto Loans

Auto loan reporting

sarkell — Thu, 11 Apr 2013 16:36:41 GMT

So I started a lease in feb 2/17 it reported 10 days later but since then has not reported a payment. I made one in march 3/20 and soon will be making 3rd payment . It's a vw lease I've noticed in general auto loan lease are way behind and sometimes go 2 or 3 months wo reporting. Why is that? I'd normall not car but in new account time period. Just need to be patient and get to August already.

Re: Auto loan reporting

Anonymous — Tue, 16 Apr 2013 06:35:14 GMT

Sometimes lenders report in bulk during fixed time intervals but 3rd payment without a single report raises a red flag. You should get in touch with the VW people and ask them about it. It could be a problem with the credit bureaus as well so in case VW people claim not to know anything, file a dispute with the credit bureaus. That should put things in order.

Re: Auto loan reporting

sarkell — Wed, 17 Apr 2013 21:36:23 GMT

Ok thanks just made the 3rd payment if it does report by the first few days of may ill contact them. Last report was from 2/28 so ill let it have the time to report.

Re: Auto loan reporting

sarkell — Fri, 26 Apr 2013 13:38:23 GMT

Ok finally updating apparently its updates last day of the month. However it rakes another 3-4 weeks to show up on cras. Ugh well it will just take much longer for 6 months.