Redeemed Repo question

Anonymous · ‎03-30-2009

My parents are responsible for a Chevy truck...... I know... I know... Jan 09 I pulled my credit report in hopes of obtain a new car by the end of the year. I surveying the damage that I've personally done I noticed the truck listed as a redeemed repo.... while I pleaded with Transunion and Equifax to remove the Involuntary Repossession tag when it was paid current, which I'm now incharge of (done in Oct). Experian will not budge.... what are my chances of obtaining a car with 1 of the 3 showing "Redeemed" status.... BTW my CreditCard debt will be $0 by the end of August, hoping for a score boost...

Anonymous · ‎03-31-2009

If at all possible you are going to want your creditcard to at least report a small balanace (below 9% util). If they are reporting a 0 balance fico will view you as not managing your revolving debt well and your score will probably, either decrease or you will see no movement at all.

Anonymous · ‎04-01-2009

Will do.. thanks

In 1 Month Total Utility down from 101% to currently 60%