As I'm reading over past and present messages I'm getting more of a feel on what should and shouldn't be on my reports.
I looked through my reports and found two auto loan items that aren't reported exactly correctly, though neither of them are counting as being "open" currently.
The first is an auto loan I considered last year as I was selling my car (my beloved '03 Cobra went by the wayside for economic prosperity). I set up financing on a used vehicle but never went through with it. How it works at my CU is that I request an amount for a vehicle, they do an inquiry then approve/deny. Then I have 30 days to get the vehicle or the process must start again. I never completed the loan transaction. Even though it isn't being counted as an open account it IS being counted as one of the reasons that negatively impacts my score "You opened an account 1 year, 4 months ago). Should I consider writing to the CU and asking them to report this account as never being actually opened, since it wasn't?
The second was the loan for the aforementioned Cobra. It isn't being counted as an open account, but shows in the details as "Account is open", is this normal for vehicle loans? Should it say "closed"?
XXXXXXXXXXXX Credit Uni
Status as of [?] May, 2007
Date opened [?] Mar, 2007
Date of last activity [?] May, 2007
Date of last payment [?] Not Reported
Date closed [?] Not Reported
Account number [?] XXXXXX
Loan type [?] Auto Loan
Credit limit [?] Not Reported
Largest past balance [?] Not Reported
Terms [?] 24 Months
Account Type [?] Installment
Account holder [?] Individual
Scheduled payment amount [?] Not Reported
Account status [?] Account is Open
Descriptions [?]
None on Record
No contact information provided by Experian
Balance [?] Current Status [?] Past Due Amount [?]
$0 This is an account in good standing Not Reported
Seven year payment history [?]
30 days late 0 times
60 days late 0 times
90+ days late 0 times
Worst Delinquency [?]
None Reported
Recent payment history [?]
Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported OK OK
6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5
2005 2006 2007
Legend:
Not Reported
Not Open
Current paid
Currently paid as agreed
========================================================================
Vehicle Loan Account XXXXXXXXXXXXXX Credit Union
Status as of [?] Apr, 2007
Date opened [?] Dec, 2004
Date of last activity [?] Apr, 2007
Date of last payment [?] Mar, 2007
Date closed [?] Not Reported
Account number [?] XXXXXX
Loan type [?] Auto Loan
Credit limit [?] Not Reported
Largest past balance [?] Not Reported
Terms [?] 70 Months
Account Type [?] Installment
Account holder [?] Individual
Scheduled payment amount [?] Not Reported
Account status [?] Account is Open
Descriptions [?]
None on Record
No contact information provided by Experian
Balance [?] Current Status [?] Past Due Amount [?]
Not Reported Account paid satisfactorily Not Reported
Seven year payment history [?]
30 days late 0 times
60 days late 0 times
90+ days late 0 times
Worst Delinquency [?]
None Reported
Recent payment history [?]
OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK OK
5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4
2005 2006 2007
Thanks,
Ryan
Edited to remove account numbers. Please be careful in sharing personal information. -sidewinder
Message Edited by sidewinder on
07-07-2008 10:34 AM
