While preparing divorce documents, I ran a credit report only to see that the auto loan I was told was paid off shows as a 12k charge off. The loan should have been paid off in 2008 and I cannot figure out from the credit report when exactly it was charged off however, I have retained possession of the vehicle. Up until running my credit a few days ago, I had no idea this was even an issue.
I have worked for the same company for 28 years and didn’t really move around much - I would think it would have been easy for them to repo? My ex is stating that it was paid but the finance co. is still showing as a lien holder on the current registration and I find it hard to believe that a charge off would be an error on a credit report. Any suggestions on what to do now? The vehicle is a 2001 and has 176k on it - Definitely isn’t worth the 12k I apparently still owe them.
wrong listing on report
Hi korreysmom,
can you tell whether or not any one of you have proof of the payment? If you have, then you will be able to dispute these with the bureaus. First, pull a copy of your credit report, and check which collection agency is now reporting this debt.
Send a dispute letter through certified mail, requesting a return receipt. Attach copy of the payment proof.
Hope this helps.
Regards,
Aaron