PenFed: when are auto loans reported?

PointLager · ‎12-28-2018

Hi guys. When is a car loan reported to CRs? Right when they approve it or after the first payment is due? Thanks.

Anonymous · ‎12-30-2018

I got a new auto loan 11/3 through Penfed. Due date was12/6 and it reported on 12/5.

RicHowe · ‎12-30-2018

The first Saturday of the month.

PointLager · ‎12-30-2018

Thank you both. Question about extended warranty. I changed my mind and will cancel the third party warranty they added to the principal (and extended the loan for extra 4 months). When you cancel the warranty they refund it in form of principal reduction and I was told I can have the term shortened to the original term before warranty was added. Does it matter to me /my score ? I plan on just paying the amount that will pay it off on shortened term anyway.

Thanks