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Auto Loan Error

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mekikya
Established Member

Auto Loan Error

So I recently bought a new car. The problem is when the dealer checked my credit, they misspelled my name. So now my name appears misspelled on my credit report. It was also incorrect with the credit union and on the title, but I have since then corrected it. However, it's frustrating that someone's stupid error is now on my credit report. I don't want this coming back and biting me later. What are my options? Best way to handle this?


Message 1 of 4
3 REPLIES 3
StartingOver10
Moderator Emerita

Re: Auto Loan Error

I know how irritating this can be because I have had the same thing. It is fairly easy to correct but you have to start off with the TL that is reporting your name with the wrong spelling. Once you correct the creditor, then it is easy. The lender has corrected your name, right?

 

If no one is reporting it with the wrong name (it happens) then you can contest it with the CRA and it will be removed.

If it is still being reported with the incorrect spelling by the lender, it will continue to show up on your CR.

 

So make sure the lender has the spelling correct before you go to have it removed with the CRA.

Message 2 of 4
Epcot
Valued Contributor

Re: Auto Loan Error

It's amazing how many times my name on a loan will not match the name I put on the application. They make copies of my drivers license and they still get it wrong on my loan.
It is annoying, sometimes the bank will quickly correct the name, other times they won't. But in the end it has never caused me trouble.

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 849 EX 835 TU 841
Message 3 of 4
Luscher
Valued Contributor

Re: Auto Loan Error

Happens with my work name on my credit report. I type it correctly every time but it is always spelled wrong.
CHASE FREEDOM | AMEX BCE | | BOFA REWARDS | CITI TYP | Quicksilver | DISCOVER IT | Sallie Mae | CHASE CSP
--------$32,000-------------$30,000-----------$30,000-----------$30,000-----$13,000---------$18,200----------$15,000---------$6,500----

FICO - TU: 780 EX: 784 EQ: 781
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