How do I get a paid-off car loan removed from my credit report?

I paid off my car loan months ago, but the full initial balance is still showing on my credit report. How do I remove the balance from my report?

You should try to contact the lender by phone first. If that does not work, you can send them a letter requesting that they update the information. Filing a dispute through the credit reporting agencies should be a matter of last resort. Keep in mind, though, that paying off a car loan generally does cause credit scores to dip initially, and the bounce back can take up to a few months.
Johnny Puckett
Answered on Mar 08, 2021
Johnny Puckett is a freelance writer and automotive expert. He has contributed content to a number of some of the largest online publications, aftermarket automotive manufacturers’ sites, and automotive informational sites. His experience in the automotive and information fields informs his writing at Jerry. His automotive interests bleed into his free time, where he enjoys modifying his favorite cars and woodworking.

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