Daniel Rosen explains how to challenge incorrect credit-report entries after a vehicle repossession. He notes repossessed vehicles are often sold at auction for less than the owed amount, and mistakes occur when creditors continue to report late payments after repossession — guidance centers on disputing those specific factual errors with pinpoint accuracy.
How the heck was I late paying after you took the car? Strategy if your vehicle has ever been repossessed, typically the vehicle is sold at auction for a fraction of what was owed. Once that happens, how in the world can the original creditor still report late payments? They shouldn't, but they often do, and that's the key to identifying a factual error and ultimately getting this removed. When this happens, simply dispute that error with p pinpoint accuracy. Pointing out that the vehicle was repossessed and defaulting on payments at this point is inaccurate.
