i had a repo of a vehicle a couple of years ago. The balance owed is roughly 8.5 thousand. The collections agency is offering to close the debt for half of that amount. Before I do this I would like to know how this would be reported on my credit report and what would be the best approach? If anybody has any ideas please respond....Thank You
You should not pay a ¢. If you want it off your reports, send the CA and the OC and the dealer the Repo Deficiency letter from my website linked below.
