Repo removed!

[Khughes06]

I was able to get the reposession removed off of my credit as of 7/14 they stated can take 30/60 days to show improvement but my score did go up 11 points. Prior my score took a 100 point hit. Also since this is being removed does anyone know if the late payments that were invalid will also be removed if the entire account will be showing removed. i got these two updates today...

Remark code added: Dispute resolved; reported by grantor

Remark code removed : Profit and loss write off. 

Should my credit score jump and get back those 100 points and the late fees be removed because of these statuses? Anyone had any experience with this?

[keekers]

Congrats.

[SouthJamaica]

I have no experience with it, but congratulations on getting it removed.

[pizzadude]

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@Khughes06 wrote:

I was able to get the reposession removed off of my credit as of 7/14 they stated can take 30/60 days to show improvement but my score did go up 11 points. Prior my score took a 100 point hit. Also since this is being removed does anyone know if the late payments that were invalid will also be removed if the entire account will be showing removed. i got these two updates today...

Remark code added: Dispute resolved; reported by grantor

Remark code removed : Profit and loss write off. 

Should my credit score jump and get back those 100 points and the late fees be removed because of these statuses? Anyone had any experience with this?

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Is this your only derogatory account ?  If so, and it's removed, then I'd expect you'd get a fairly large FICO score bump. 

[Khughes06]

I have only one other one that is set to fall off in less than a year 

[Zoostation1]

Your score will stay depressed until all derogatory marks are gone.  How much  you'll gain may vary depending on the severity of the other derogatory marks.  If it's a 30 or even 60 day late falling off next year, the remaining damage to your scores isn't as bad, but if it's a 90day+, a charge off, repo or anything of similar nature I wouldn't expect to see much improvement until it's gone.

[Thomas_Thumb]

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@Khughes06 wrote:

I was able to get the reposession removed off of my credit as of 7/14 they stated can take 30/60 days to show improvement but my score did go up 11 points. Prior my score took a 100 point hit. Also since this is being removed does anyone know if the late payments that were invalid will also be removed if the entire account will be showing removed. i got these two updates today...

Should my credit score jump and get back those 100 points and the late fees be removed because of these statuses? Anyone had any experience with this?

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Good work!

If the account is removed from your report, late payments associated with that account should not continue to report.

If you have other derogatories associated with different accounts, they will limit the score boost available from REPO removal.

[Khughes06]

So I have a question. If I was able to have a repo removed due to information was incorrect and balance wasn't right. Does that also mean the late payments will be removed as well. 

the late payments were showing after the car was repossessed and they added two of them when the payment was never late. They also placed two charge offs on the one file on two seperate months? Is this something I have to dispute extra?

[GZG]

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@Khughes06 wrote:

So I have a question. If I was able to have a repo removed due to information was incorrect and balance wasn't right. Does that also mean the late payments will be removed as well. 

the late payments were showing after the car was repossessed and they added two of them when the payment was never late. They also placed two charge offs on the one file on two seperate months? Is this something I have to dispute extra?

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they are reporting what they think is right

are they right?

if they're not, you're going to need to dispute it and provide evidence for what the actual payment history should be for the tradeline

[Khughes06]

No they aren't right that's why the repo was removed completely I'm just suprised they are payments weren't removed? I guess I have to do a seperate removal dispute?