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I co-signed on a vehicle that is now repossed since 2012 and I am in need of removing from my credit but the only way to do so is to settled this loan. Have anyone ever dealth with this company. the balanced owed on my credit report is 7000 the original owner is refusing to pay. I am wondering the best route to take to accomplished this.
Thank you for any and all advise.
I would start by calling CNAC and tell them you have been out of contact with the co-signee for some time because <fill in the blank - out of country, in a coma, temorarily dead, whatever>. You just got in contact with him TODAY and found out about the repo and called immediately to settle it and if possible remove any negative that it might be placing on your credit reports.
Then go from there.