yolee wrote:Hello everyone! I'm new to the forum thing so please bare with me. I'm 23 years old and for the last 4 years I've been very active in keeping track of my credit behavior. When I was 18, I did the typical young adult thing and made the rash decision to finance my first vehicle. It was a used, old junk box that I paid $5,000 for. Well, after 4 months I traded it in for a newer, nicer model (financed). Well, I clearly could not afford the car and after about a year of late payments, the repo man came a-knockin'.(This is now 2005) A few weeeks later, the bank sent me a notice to pay the remaining balance of roughly $5,000. Well after some bickering and fighting, mostly from me, we settled for just over half the amount. I have 2 letters that were sent to me from the bank and the collection agency confirming that it was indeed paid and settled. I pulled my credit the other day and to much surprise, all the information had been updated and all the dates were incorrect. All the bureau reports state that I still owe this money. It comes up as delinquent. What should I do? I obviously paid this off! Any input would be greatly appreciated. HELP!!!!!!
yolee wrote:I don't really know who is reporting it! I mean, wouldn't the bank stop when they pass it on to the collection agency? It says Sovereign Bank not whatever the collector...so i guess it's the bank. I tried to report the issues online but it made me print out a letter and mail it with any proof I may have. Does that sound right to anyone???Thanks