First Post hello everyone and thanks in advance. Got a $21000 car loan from Consumer Portfolio Services in Fall, 2004. Daughter totaled the car in January, 2006. Car insurance paid CPS. Gap insurance paid CPS. Extended warrenty Insurance Co. disputed the claim for refund. "Mileage was too low in their opinion" This left me with a total of $1900 owing CPS. I explained the situation with CPS and they demanded immediate payment, which I did not have or keep paying regular payments until the claim is settled(which was also not feasable since I was having to buy another vehicle). They report the loan as Charge off/Repo. 20 months later the Warrenty Company is settling the account and refunding @ $1600. CPS has added $700 in fees. I offered $1000 dollars in addition to the $1600 for CPS to change the account to "Settled in full" and remove the Charge OFF/Repo tag. They refused. Offered "Paid in Full after Charge Off/Repo". My initial reaction is to wait it out for 7 years. I own my home and will not need a car loan again during this time frame. My second thought is since I am cleaning up my credit report as a hobby, I should not throw this account out after the initial failure. Any suggestions or is the offer they made the best I can expect? CPS's representive stated that changing the account from "closed/Charge Off/REpo with balance owing" to "Paid in Full after Charge Off/Repo" would add @ 30 pts to my credit score in her opinion. Is this even near the truth? Thank you in advance.