Criminal Law Questions? Ask a Criminal Lawyer.
Thank you for requesting me!
It sounds like the respective credit bureau(s) that are reporting the loan "charged off" have not updated your credit report since reinstating the loan.
Fortunately, there is a solution to this. The easiest way to handle it is to dispute the incorrectly reported information. At that point the credit bureau will contact the creditor, check on the status of the debt, and update your credit report.
If all three credit bureaus (Equifax, Transunion, and Experian) are incorrectly reporting this, then you will have to file 3 different disputes.
Good news....these disputes are relatively easy to make. Please click on the following credit bureau names to begin making the dispute.
I hope that answers your question. If so, please positively rate my answer as this is the only way I can receive credit for my answer. If you would like any additional information or have more questions please don’t hesitate to ask! If you feel the need to click either "Bad service" or "Poor service", please stop and reply to me via the REPLY button with the issue you have. I will be very happy to continue further and do everything I can to provide you with the service you seek at no additional charge. Thank you very much, Joe If you are a subscriber, please add me to your "Preferred Expert Team!" If not, please CLICK HERE and bookmark that page or add it to your favorites to come back and ask me your next legal question!
My question clearly stated that the repo was two years ago. The credit reports have been updated since then. This was a phoned in answer and didn't help at all.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).