Auto loan - Voluntary Repo - Paid Deficiency

[deckfluf]

I defaulted on a loan through toytota and did a voluntary repo 11/2010.  The car was sold at auction and paid off the deficiency balance in 2012 to Toyota.  Will this fall off my report in 2017 or 2018.?  Anyone had or hear of being successful with a goodwill drop?  

[myjourney]

What is the reporting date listed on your CR's?

That will determine the date of exclusion 

Go to our Rebuilding forum and search for results of Toyota 

You may find some useful info there from others experiences 

Good luck 

[deckfluf]

Thanks!  where do if find reporting date on My Fico reports?  I'm a bit confused the MyFico reports have 30 day lates leading up to the repo and then 90  day lates for  the repayment ( I did it monthly).  For worst delinquency one report has 90 days, another none and the last collection. 

[myjourney]

Look for the terms

Reporting or Opened date 

Example 

Toyota C/O $12,000 Open 4/2012 

[RobertEG]

It appears that they never charged-off the debt, so you have monthly delinquencies and a repo.

There is no single date for exclusion. 

The monthly delinquencies will each become separately excluded after 7 years from their date of occurence.

The repo will similarly become excluded after 7 years from its date of reporting.

When was the last 90-day monthly delinquency reported?

[RonM21]

RobertEG thanks, you answered a question I was wondering about, as far as multiple monthly late payments. I have one negative on a paid auto loan from 2010, and there are several late payments in a row. I was wondering if they'd all come off the same time or one at a time until I read your post.

[dman23]

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@RM21 wrote:
RobertEG thanks, you answered a question I was wondering about, as far as multiple monthly late payments. I have one negative on a paid auto loan from 2010, and there are several late payments in a row. I was wondering if they'd all come off the same time or one at a time until I read your post.

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I can confirm that.