How long will it take for an auto loan to come off after an accident?

Lauralynnbreton · ‎October 10, 2020

I was in a auto accident, I was rear ended by a women speeding and texting. Totaled my Jeep and my 1 year old and I walked away with bruises. Very thankful but I’m not thankful for loosing hey I worked so hard to get... my Jeep. Now it’s still showing I have an auto loan but it was paid off through GAP? How long is the loan going to stay on my credit?

Anonymous_ · ‎October 10, 2020

@Lauralynnbreton wrote:

....Now it’s still showing I have an auto loan but it was paid off through GAP? How long is the loan going to stay on my credit?

That would be positive account (payment) history which will remain on your credit report for longer than negative account history in most instances.

See https://www.experian.com/blogs/ask-experian/paid-auto-loan-remains-on-credit-report/

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Anonymous_ · ‎October 10, 2020

@Lauralynnbreton wrote:

....Now it’s still showing I have an auto loan but it was paid off through GAP? How long is the loan going to stay on my credit?

That would be positive account (payment) history which will remain on your credit report for longer than negative account history in most instances.

See https://www.experian.com/blogs/ask-experian/paid-auto-loan-remains-on-credit-report/