Established Member
Posts: 18
Registered: ‎02-08-2012
Re: Auto charge off keeps increasing

Update:  This auto loan was charged off and never repossessed.  I called Wells Fargo Dealer Services and spoke to someone who told me Vital Recovery Services has the debt; If I pay/settle with them they then can send me the title.


I called Vital Recovery Services and spoke with someone who would settle the account, possibly for 20 percent because of the age (CO Mar 2008).  I'm assuming then that it will update as paid/settled charge off.


From what I understand, this will not reage the debt right?  It's still on my record for 3 more years then...will it have an effect on my score at all to have this show paid/settled?



Starting Score - 482 EQ (2/4/2012)
Current Score - 542 EQ (SW 3/22/2012), TU 505 (2/25/2012)
First goal - to get into the 600s