Explaining Credit Report Scores
2010
What To Do If Theres A False Auto Repossession On Credit Report?
Hi, anyone ever experience having a false auto repossession on there credit report? I recently tried to trade in my car and when they pulled up my credit report it said the car I was trading in has been/was repossessed. I then called the auto loan company and they said it was a mistake???!!! They said they would speak to the dealership to explain it was a mistake but the dealership said it doesnt matter because my credit score was hurt by the repossession. My car has never been repossed. I have a 48 month loan and during the second year got behind by 2 months because of being laid off. I have never been late since then and I only have 6 more months of payments left.
Unfortunately I do not check my credit as often as I should. Now my credit score has gone down and all the payments ive made since the mistake hasnt even reflected my credit.
The auto loan company said I have to dispute it through the credit agency to have it fixed. Is this true?
Because THEY reported it THEY can undo it.
I’d call them up and demand that they remove the repossession off my report because IVE been denied credit because of their false negative reporting! You can sue them for falsely reporting negative items that caused you to be denied credit!
In the mean time…You should check your credit report more often!
You are entitled by law to receive 1 credit report for free from each of the three credit bureaus.. Do that @ www.annualcreditreport.com
You can also dispute the repo and other negative items while you’re at it..
Good Luck
And even if you dispute them online , still demand that they remove them and they are lying if they tell you they aren’t able to remove it! Yuck , they’re so annoying!
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