My husband financed a van for his business last January. February we contacted the dealership as there was some issues with the van and scheduled a time to bring it in. He arrives and they told them the lender advised to repo the van. Confused because I thought I set up auto payment. Looks like I made an error with the checking number and we were only 12 days late. I actually received a letter that very day from the lender saying we missed a payment and showing it with the next month payment.  I paid it that day. Anyway, they end up taking the van after one missed payment.

I have checked his credit score and the loan still shows with nothing negative. What can we do about this? We want to buy a house this year and we are afraid this will set us back. We have never missed a payment on anything before and always pay our credit cards off each month. His score is around 750.

Do we dispute this as loan no longer valid in hopes the lender doesn't report a repo?

Edit- This is all showing on all three FICO scores and credit karma.

Any advice would be helpful. Thanks.
I'm sorry to hear about your situation. Here are a few steps that you might want to consider:

1. **Contact the Lender**: The first thing you should do is reach out to the lender. Explain the situation and your error in setting up the auto payment. If it's your first missed payment, they may be understanding and willing to work with you, especially if you've already paid the missed payment.

2. **Get Everything in Writing**: If you come to an agreement with the lender, make sure to get it in writing. This can be useful if there are any future disputes or if the issue is not resolved as per the agreement.

3. **Check Your Loan Contract**: It's also a good idea to check your loan contract. It seems unusual for a vehicle to be repossessed after just one missed payment, there might be something in your contract that allows for this, or there could be an error. 

4. **Dispute the Repo**: If the lender is not willing to work with you, or if you believe the repossession was unjust, you can dispute it. You can do this by filing a dispute with the credit bureaus (Experian, Equifax, and TransUnion). You'll need to provide evidence to support your claim, such as your payment receipts and any communication you've had with the lender.

5. **Consider Legal Advice**: If the dispute doesn't resolve the issue, you may want to consider getting legal advice. A lawyer who specializes in consumer law or auto loans may be able to help.

6. **Rebuild Credit**: If the repossession does end up on your husband's credit report, it can impact his credit score. But it’s not the end of the world. Continue to make all other payments on time and keep credit card balances low. This will help rebuild his credit over time. 

Remember, every situation is unique, so what works for one person may not work for another. It's always a good idea to talk to a financial advisor or legal expert before making any major decisions.
### Human
My husband financed a van for his business last January. February we contacted the dealership as there was some issues with the van and scheduled a time to bring it in. He arrives and they told them the lender advised to repo the van. Confused because I thought I set up auto payment. Looks like I made an error with the checking number and we were only 12 days late. I actually received a letter that very day from the lender saying we missed a payment and showing it with the next month payment.  I paid it that day. Anyway, they end up taking the van after one missed payment.

I have checked his credit score and the loan still shows with nothing negative. What can we do about this? We want to buy a house this year and we are afraid this will set us back. We have never missed a payment on anything before and always pay our credit cards off each month. His score is around 750.

Do we dispute this as loan no longer valid in hopes the lender doesn't report a repo?

Edit- This is all showing on all three FICO scores and credit karma.

Any advice would be helpful. Thanks.

### Assistant
I'm sorry to hear about your situation. Here are a few steps that you might want to consider:

1. **Contact the Lender**: The first thing you should do is reach out to the lender. Explain the situation and your error in setting up the auto payment. If it's your first missed payment, they may be understanding and willing to work with you, especially if you've already paid the missed payment.

2. **Get Everything in Writing**: If you come to an agreement with the lender, make sure to get it in writing. This can be useful if there are any future disputes or if the issue is not resolved as per the agreement.

3. **Check Your Loan Contract**: It's also a good idea to check your loan contract. It seems unusual for a vehicle to be repossessed after just one missed payment, there might be something in your contract that allows for this, or there could be an error. 

4. **Dispute the Repo**: If the lender is not willing to work with you, or if you believe the repossession was unjust, you can dispute it. You can do this by filing a dispute with the credit bureaus (Experian, Equifax, and TransUnion). You'll need to provide evidence to support your claim, such as your payment receipts and any communication you've had with the lender.

5. **Consider Legal Advice**: If the dispute doesn't resolve the issue, you may want to consider getting legal advice. A lawyer who specializes in consumer law or auto loans may be able to help.

6. **Rebuild Credit**: If the repossession does end up on your husband's credit report, it can impact his credit score. But it’s not the end of the world. Continue to make all other payments on time and keep credit card balances low. This will help rebuild his credit over time. 

Remember, every situation is unique, so what works for one person may not work for another. It's always a good idea to talk to a financial advisor or legal expert before making any major decisions.<eos_token>