Old repo reporting inaccurately?

[Anonymous]

I have an old auto repo that is reporting as follows. It is not listed as one of my negative factors. It shows transferred/closed. Also, shows to stay on record until 2016. I know this is not reporting accurately, but it doesn't seem to be reporting negatively either. I think I should leave it alone. Any advice?

HSBC AUTO   

 Address:
 6602 CONVOY CT
  SAN DIEGO, CA 92111
 No phone number available Account Number:
XXXXXXXX    
 Address Identification Number:   XXXXXX  
 Status:
 Transferred,closed.
Status Details:
This account is scheduled to continue on record until Aug 2016.
This item was verified and updated on Aug 2006.  
 Date Opened:
 07/2001
Type:
Installment
Credit Limit:
$19,521    Date of Status:
 08/2006 Terms:
60 Months  High Balance:
NA     Reported Since:
 08/2006 Monthly Payment:
$0 Recent Balance:
NA    Last Reported Date:
 08/2006 Responsibility:
Joint withXXXXXX Recent Payment:
NA

[Jesedmotherof5]

I have transfer charge offs zero balances that HELP my scores alot. i am leaving htem untill I have enough stuff to offset the deletion.

[Anonymous]

This one is not reporting as a charge off. It is even listed on EX as an account in good standing.

Message Edited by darrello on 05-20-2008 02:55 PM

[llecs]

I'd leave it alone! It is reporting as a positive account. I assume this segment is from EX. If so, check TU too. That will also give you a drop off date. You'd have to call EQ for their drop off date. From what I read, you paid it off as scheduled in Aug. 2006, 5 yrs after taking out the loan.

FICO hosted a webinar last month and very briefly mented repos. They said that a recent 30 day late (ambiguous - recent) weighs more heavily that a repo a few years old.