|
 Dear
Terry,
I co-signed on a car loan for a family member. The car was repossessed and sold at auction by the sheriff's department for unpaid tickets. Payments were always made to the bank that issued the loan and the balance was paid off after the repo by the sheriff. Yet, a repo shows up on my credit report.
What can I do to clear my credit, or to make them note that this was not a repo by the bank for nonpayment of a loan?
-- Mike
 Dear
Mike,
Your first step should be to contact the bank and show the proof -- receipts, canceled checks, etc. -- that you paid the loan in full. With such proof, they should be willing to correct the record. If there are payments in dispute, contact the credit reporting agencies and tell them the issue is in dispute.
 |
| Here are this week's readers' questions: |
|
|
|
|
