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Adding auto purchase and payoff to my credit report

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Anonymous
Not applicable

Adding auto purchase and payoff to my credit report

I purchased a vehicle last year and just paid it off however the dealer informed me that my years worth of on time payments will not be reported on my credit report.  Is this legal and what can I do to have it included in my report to improve my score?

Message 1 of 4
3 REPLIES 3
Medic981
Valued Contributor

Re: Adding auto purchase and payoff to my credit report


@Anonymous wrote:

I purchased a vehicle last year and just paid it off however the dealer informed me that my years worth of on time payments will not be reported on my credit report.  Is this legal and what can I do to have it included in my report to improve my score?


If you purchased your vehicle at a "buy here, pay here" lot then I am not surprised. Most "we tote the note" auto lots do not report to the credit bureaus. Creditors are not required to report to the credit bureaus, however, the major lenders and credit issues do. 







Your FICO credit scores are not just numbers, it’s a skill.
Message 2 of 4
Anonymous
Not applicable

Re: Adding auto purchase and payoff to my credit report

Is there any other recourse that I have in getting my payment history included in the report that you are aware of.

Message 3 of 4
Anonymous
Not applicable

Re: Adding auto purchase and payoff to my credit report


@Anonymous wrote:

Is there any other recourse that I have in getting my payment history included in the report that you are aware of.


No, all you can do is ask.  No creditor has any legal requirements to submit your payment history to the credit bureaus.  Entirely optional 

Message 4 of 4
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