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?
Answer provided by
Johnny Puckett
Answered on Mar 08, 2021
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.
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
