What is the date of default?

[Anonymous]

I defaulted on a car loan from Santander.  The first 90 day late is showing as Dec 2014.  I made payments but never fully caught up and the car was repossessed in June 2015.  I was able to get it back the same day.  Santander never updated my CR and the loan continued to show as a "charge-off".  After disputing mulitiple times, I finally did a voluntary repossession in Aug 2017.  Santander has since reported FP (Failed to Pay) dated back to January 2015.  What is considered the date of default and we are starting the VA mortgage loan process and nothing has been mentioned about this account from the LO.  Could this stop the approval?  We are in TX as well.  Thanks! 

[Anonymous]

The date of default should be around the date the car was reposessed.

[Anonymous]

Would that be in 2015 or when I had them come pick it up for good in 2017?

[Anonymous]

I assume you were making payments between 2015-2017 so it should be when it was reposessed in 2017 I would assume. I am not an expert on this area of topic, but from my understanding it would be the date of last activity. Why did you have the lender pick the vehicle up? You do understand wether a repo is voluntary or not, it is still detrimental to your credit.

[Anonymous]

Yes, I was making payments from 2015-2017, but they continued to report it as a "charge off" even though I was making the payments.  After many back and forths (disputes) with them, I had them come pick it up because the incorrect way they were reporting the account was still damaging my CR.  They did not report any of the payments that I made during those 2 years.  Yes, I understand that a voluntary repo does the same damage to credit.