Author Topic: PSA: Totalled auto lease can affect your credit score  (Read 1604 times)

Offline abe2np

  • DansDeals Copper Elite
  • *
  • Join Date: Jan 2020
  • Posts: 1
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
Re: PSA: Totalled auto lease can affect your credit score
« Reply #15 on: January 19, 2020, 12:27:57 PM »
Maybe
I just checked an EX credit report with a lease that was totaled, it comes up as: EARLY TERMINATION/BALANCE OWING; AUTO LEASE  ....  PAID
@Hyshai Maybe you can convince Experian to change the wording to what @shapsam has on his?

Offline dz164

  • DansDeals Copper Elite
  • *
  • Join Date: Apr 2015
  • Posts: 24
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
Re: PSA: Totalled auto lease can affect your credit score
« Reply #16 on: January 19, 2020, 09:18:54 PM »
I had a (honda finance) lease totalled 2 years ago with no CR impact or designation other than "closed"

Don't understand the rationale for a negative on a CR - the loan was fully paid by the insurance.

Insurance claims / losses are in another set of databases

Live and learn i guess.

Offline Hyshai

  • Dansdeals Silver Elite
  • **
  • Join Date: Jun 2010
  • Posts: 62
  • Total likes: 7
  • DansDeals.com Hat Tips 1
    • View Profile
Re: PSA: Totalled auto lease can affect your credit score
« Reply #17 on: January 19, 2020, 09:37:38 PM »
Maybe @Hyshai Maybe you can convince Experian to change the wording to what @shapsam has on his?
It's a blame game at this point - FICO says if it's on the credit report then I should speak to Experian; Experian says that since the bank reported this comment - the bank has to change it; and the bank says that they have no control over the credit report and should talk to Experian. Triangle of frustration.

Online grodnoking

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Nov 2014
  • Posts: 4984
  • Total likes: 321
  • DansDeals.com Hat Tips 11
    • View Profile
Re: PSA: Totalled auto lease can affect your credit score
« Reply #18 on: January 19, 2020, 10:16:30 PM »
It's a blame game at this point - FICO says if it's on the credit report then I should speak to Experian; Experian says that since the bank reported this comment - the bank has to change it; and the bank says that they have no control over the credit report and should talk to Experian. Triangle of frustration.
Get them all on the phone at once
I'm not who you think I am.