Hi.

My husband co signed for a car for his ex wife and GMAC repossed the car. The debt was with Carfinco and we had to settle it before we bought our home 2 years ago.

My question is...

We had a copy of his credit bureau sent to us via mail. It arrived 10 days ago and the debt has purged and fallen off. The date of last activity was June 2004. We didn't know his credit score so I went to the car dealership and had it pulled there. The credit score didn't move. The fiance man at the dealership was surprised as was I. We were told that when that fell off our score would go up big time. Does it take a month or longer for Equifax to up his score. Can someone please explain this to me? thanks.