I bought a car from Carmax about 2 years ago and after a year of making payments I came across some major financial troubles and was having a very hard time making payments on time. Eventually, my car was very close to be being repossessed. During this time, I was able to to talk to a Carmax representative about keeping my car only if I made a large down payment to make up the late payments. I made the payment and was able to keep my car, ever since then I have been making my regular payments on time every month. However, a few months after this happened I noticed on my credit that my Carmax loan was charged off instead of showing as a revolving debt. When I called Carmax to ask them about it, they said that the "late fees" that I paid was to go toward the charge off loan in order to pay it off. Do I have any legal rights with this case? Have you ever heard of such a thing? It doesn't make sense to me that my loan is being reported as a charge off account when I am still in possession of my vehicle. Any help is appreciated.