Paid Off Auto Loan

jdeleon — Tue, 16 Jul 2013 14:47:54 GMT

Hi,

In June 2011 i received a 3 year car loan from a local Credit Union. Being extremely afraid of debt, i paid it off within 1 year 6 months! But after checking my Experian and Equifax credit scores on myFico. Experian shows "Account paid satisfactorily" while Equifax shows "Pays account as agreed, Closed or paid account / zero balance".

Why is Experian not showing the loan as paid/closed? or is "Account paid satisfactorily" there way of saying close? It has been about 4-5 months since it was paid in full.

thanks for the help!

Re: Paid Off Auto Loan

Creditaddict — Tue, 16 Jul 2013 16:00:48 GMT

@jdeleon wrote:
Hi,

In June 2011 i received a 3 year car loan from a local Credit Union. Being extremely afraid of debt, i paid it off within 1 year 6 months! But after checking my Experian and Equifax credit scores on myFico. Experian shows "Account paid satisfactorily" while Equifax shows "Pays account as agreed, Closed or paid account / zero balance".

Why is Experian not showing the loan as paid/closed? or is "Account paid satisfactorily" there way of saying close? It has been about 4-5 months since it was paid in full.

thanks for the help!

sounds like it's saying closed... as long as it's $0 and paid as agreed shouldn't matter.

topic Paid Off Auto Loan in Auto Loans

Paid Off Auto Loan

Re: Paid Off Auto Loan