Credit report says my loan is closed??

[MaxPowers]

I was once stupid and ignorant, and co-borrowed on my ex's car loan. Well she recently wrecked the car, and volutarily surrendered it in May. It was later sold by the bank, and now the bank wants the remaining balance. My question...
On my credit report from Experian, it shows [RF] (Repossession or Foreclosure) on June and July, [ND] (No data) for August, and [RF] for September. I guess they have not reported anything for October yet.
But on the account status, it says closed. Is the account really closed, or is it just saying that and the bank will reopen it when they want to report it?

[hasselfree]

reports says my loan is closed

You may need to call the bank and see if they auctioned the car off and got the money that it was worth. If they didn't then they may have turned it over to a collection agency that will try to collect the debt until the balance is paid off. Your ex may also be on a play with the lender on a repayment plan and they may only be reporting the status on her report only. If the debt is satisfied, try getting a letter from the lender or collection agency and send a copy to the credit bureau so they can update the status on your report that the debt is satisfied.

[KB24]

I would contact the creditor/bank and get more details on status of the balance. If the balance is still outstanding, you may be able to make a deal with them for an amount less than what is owed to pay off the debt. You may even be able to request to have the negative mark on your credit report removed if you pay off the balance. This is usually more difficult, but worth a try.

[Raisecapital01]

You loan may have been sold to another lender, so they closed the account. You will need to see if the balance was transfered to another creditor.

[mom2manyboyz]

Yep, you'll have to contact the bank to find out the status. Experian simply reports what the bank has reported to them. If the bank reports anything incorrectly, follow the steps in my signature to get it fixed.

[Alex_Adviser]

Hi there,

Its better that you talk to the concerned bank about the loan status, as the credit agencies only report the facts that are being provided to them by the creditors. So you have to rectify the wrong information being provided to them.

All the best...............