what should i do dealer just pay off my car n it showing late payment on my credit report 60 day late?

Question

the car was trade in 3 month ago and it effecting my credit score im really worry...

Answer 1

Send a letter to the lender that reported the 60 day late. Be professional and polite, attach paperwork proving when the dealer agreed to pay the car in full. Request their cooperation in removing the 60 day late from your credit report. The lender is the only one with authority to have it removed. You should also request the dealer to send a letter to the lender requesting the negative removed from your report. The dealership should cooperate if they want your business in the future.

Answer 2

Sounds like you need to get your paper work in order before giving up title to your old car. Credit score was affected by being already late on trade-in day and thinking the dealer wanted anything but to put you into another car payment. You should always pay off your trade yourself then you will not have any money rolled into the new loan. Did you realize if your new car is totaled insurance will pay for damage or replacement cost of the car not the additional amount financed? Like having sex twice and not kissing anyone. GAP insurance for financial difference is needed.

Answer 3

Call the freaking dealership where you bought the new car and demand an explanation. They are responsible for paying off your car within a certain time frame, not three months later. File a dispute with all three credit agencies afterward, so it will be clear from your credit report.

Answer 4

you isn't suggested to the credit bureaus till you're 30 days late. besides the undeniable fact that, each of those playing cards will be charging you a late value. Pay a minimum of the minimum fee NOW to stay away from going 30 days late. you want to pay off those playing cards in comprehensive. Then surely charge what you may have sufficient money to pay in comprehensive each month. which will construct sturdy credit and stay away from interest. there is genuinely no benefit to sporting balances and paying interest. you do not get any more desirable score factors for paying interest. in case you want to strengthen your credit, the first ingredient you want to do is detect a thanks to pay all of your expenses on time. Mark your calendar, make a spreadsheet, even though it takes so that you pay each thing on time.