Trappe, Maryland; Town: Motto(s): 19th Century Charm - 21st Century Progress Location of Trappe, Maryland: Coordinates: Coordinates: Country United States: State Maryland: County: Talbot
When buying new cars, if you ignore our advice and you trade in a used car which you still owe money on, insist that the dealer put in writing that they will pay off your car loan in 10 days or no deal. Then the dealer is liable because you took steps to protect your rights up front.
The realistic time frame for you ranges from 30 days to 90 days. In some cases, paying off your loan can take a bit longer than 90 days, though it is not supposed to. A good rule of thumb an a car loan pay-off is 45 days. You credit score on all three credit reports will reflect the loan payoff eventually, though Experian might come in at 30 days and TransUnion at 45 days. Might be a good idea to sign up for the three-in-one credit report when your loan is paid off.