i did a great job of messing up my credit 5 years ago. I had an auto loan that i fell behind on and ended up giving the car back/having it repo'ed. The way my credit report now reads is
Balance $5000
Past due $13000
comments, Charged off account, profit and loss write off.
So my questions are as follows. Do i owe 5k on the loan? do i owe 13000 + 5000 on the loan? To rebuild my credit, do i negotiate to pay a portion of the 5k balance so that they stop posting negatives to my credit report?
they way i see it, i owed them 5 k at the end of the use of the vehicle and the 13k is a wash as they got the vehicle back. to make this go away, i should pay a portion of the 5k back to have it removed. is this the smart thing to do or is it wasting my money? my current score is 638.
do you have all your credit reports?
what state are you in?
what is the original creditor and the name of the CA?
what is the date of first delinquency? 30 days after last payment
this information will help me make suggestions specific to your case. The state will determine the statue of limitations for this debt. knowing the name of the OC original creditor, will help show if there is a specific govt regulators can intervene. Knowing the dates are very important.
yes i have all of my credit reports.
i am in CA.
origional creditor is Fireside Auto Finance/Fireside Bank, What is the name of the CA? i dont know what you are asking, sorry for my ignorance.
Date of first delinquency is, im not sure. The first date that showes on the report is sept 2008 but i believe that is simply because the report is only showing 24 month history. and that first mark is 120 days past due.
hope this info help. thank your for your time and help
ryan
yes i have all of my credit reports.
i am in CA.
origional creditor is Fireside Auto Finance/Fireside Bank, What is the name of the CA? i dont know what you are asking, sorry for my ignorance.
Date of first delinquency is, im not sure. The first date that showes on the report is sept 2008 but i believe that is simply because the report is only showing 24 month history. and that first mark is 120 days past due.
hope this info help. thank your for your time and help
ryan