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You petition the credit agencies to remove the "ding" from your history by showing them the paper indicating ownership of the old vehicle was made on such and such date. You have to prove that the car was indeed sold and accepted by the new owner (dealer) before the next regular car payment would have been normally paid by you.

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Q: What happens if a dealership does not pay-off your trade in in a timely manner and you get a 30 day late on your credit?
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