first of all i say this is a great site with lots of info. thanks for all the advise. now i have a repo from 1998 from FMC showing on all 3 cra's. this has been setteled in full and all report 0 balance but the settlement letter i have states that " FMC will report this as paid in full with a o balance". can they still report it as a repo as that is not in thier letter. thanks for any advice
fmc I think you may have been another victim of ambiguous terms of settlement. Repos can be reported as paid in full along with chargeoffs. However if the account is marked as Settled in full, or Settled for less than full balance you might have a shot at gettting the TL corrected, as that would be a breach of contract. For future reference, make sure you will cleary state how you want the TL reported. For expample that means "Ford will change the status of the account in question to "paid or paid in full" only, any other remarks or comments will be removed along with any derogatory notations associated with the payment history."
fmc yes i learned that the hard way. i was still going to try to get it cleaned up. thanks for the info
