How should my car loan reflect on my credit report? We were never late and signed a reaffirmation agreement one month after filing. We were discharged in January. It shows we are current, but the account says "derogatory." Is this correct??
-
Filed CH 7 10/14/09
341 11/18/09 DONE!
Discharged 1/19/10!
-
On the one I reaffirmed it shows "Reaffirmation of Debt" zero balance and paid as agreed. It does not show "Derog" at all. That is on the TU report. Hope this helpsFiled CH 7 9/30/2008
Discharged Jan 5, 2009! Closed Jan 18, 2009
I am not an attorney. None of my advice is legal advice in any way.. -
Our CU pulled them from reporting. They no longer show at all. Bummer as we were hoping to use them for rebuilding our score as we were never late & have paid on them for 5 and another 6 yrs.
Now nothing
Making financial failure my teacher, not my undertaker!
Ch7 Filed 9/23/09
341 11/05/09
01/07/2010 Discharge!!Comment
-
Depends on the lender, as it is really up to them, but if they do report it should show 'on time'... if you've always been on time with an accurate balance, payment history, etc..
We reaffirmed ours and it took a couple of months for it to start reporting correctly.Comment
-
I had a GMAC loan and re-affirmed it and we were always current. They adjusted it to Pays As Agrees and its not derogratory after we were discharged and I asked them to report it as current.Comment
Comment