Hi I am a newbie to this board! My husband and I have spent the last 6 years in a debt management plan, which we completed, so all our old debts have been paid. NOW, we have a recent charge-off on an auto loan. Simply an oversight on the last payment. $300 we owed them and now it's a black mark on our credit. Before that, we had been 30 days late maybe twice in the life of the loan. CA Synergetic contacted us with a settlement offer, then said capital one auto retracted the settlement offer and demanded payment in full before they would release the title. We were allowed to pay in 2 equal monthly installments and the first payment has already been sent. We need to get approved for a mortgage this year so I really need to get this charge-off removed. Any advice? Please help.
