@Anonymous wrote:
Have them remove it. If you seek new auto credit many banks are not writing loans without proof that the account is not in forbearance.
It wasn't all that long ago in a previous career that I was a Finance Manager at a very large automotive network in the midwest. I can tell with a degree of certainty, that remarks on a credit report isn't going to change much of anything as it relates to an approval.
If the deal is structured right and the customer had the right amount of money to put down then it was a done deal. I have financed a many of folks who were hours, yes hours, outside of a BK and the deal was done. I obtained financing for customers who were in an active repo and even had their old car picked up from our dealership.
Any good finance manager knows how to get just about any deal bought with the right down payment. I kept my look to book ratio tight, I had captives in my back pocket, and credit unions that would get down and dirty and operate as a full spectrum lender for me. They'd buy my A paper as well as my F paper. I could get a 130 call any day of the week and twice on Sunday. I can't tell you how many times I've written subprime deals with 110 on the front and 20 on the back without a lender even blinking an eye. And don't even get my started on my best friends back then...Acadia, TransSouth, AutoOne, Chase Custom, and Credit Acceptance. Remarks as it relates to auto loans mean nothing.
OP, don't worry about the remarks. You can ask to have it removed if you like but more than likely it was automation that put it there.
