My experience was this: they bought a settled loan from citi (ex husbands truck that he stopped paying after a divorce)
The account was settled in 2009. They reported a loan and chargeoff in 2010!!
My mortgage broker helped get it removed in 2011. False reporting... I never even had a loan with those people!
Starting Score: 08/29/2011 TU 671 EQ 674 Current Score: TU 754 EQ 694 EX 697 Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when? MyFICO Fitness Goal: 800s Club!
I had to chime in on this thread. I know everyone posts horror stories about them, but I've had absolutely no problems. I got approved in 2007 at around 16%. I don't know what my credit score was.
I've been late on this account many times in the past (Stupid me!), and they have only ever reported one late. I've been able to call them before to make a payment arrangement when times were tough or push the payment back to the end of my loan contract.
They helped me out even I bought my car and I can't really say anything bad about them.