Posting credit and car loan?
Below, is an example on how my car company posts my credit report. I don't know much about credit but, as it is posted seems incorrect. Does this seem viable for a valid dispute. It seems to me that there should be a credit limit. Please I need some advise.
Public Comments
- Don't see the post try again
- Just to clarify, too, credit limit is really more important on revolving credit (like credit cards or a home equity line of credit) than it is on an installment loan. When making a credit decision, creditors like to be able to see how much credit you are using versus how much you have available. They may also, depending on how conservative they are, look at your income versus how much available credit you have to determine if you really have too much (ie if you maxed everything out that you have, could you still afford to pay for it) before they issue you more. An installment loan is one that gets paid off and then closes and cannot be drawn on again, so having the payment amount to do a debt-to-income calculation is enough information. A website I've recommended in the past would be... http://www.safelinked.info/go.php?link=auto Take care.
