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In 2011, I had a voluntary repo. The car was with another bank at that time. Then, maybe 6 months to year later I got a letter from crescent bank. I guess crescent bank bought the account. the balance was 5K after the car was sold at auction. I received no further letters from them but they had been calling my relative's number and I did not return any of their calls. Now on my credit report the balance has ran up to 12K with the daily interest crescent has charging. My wife and I want to buy a house in the next two years. . The loan officer told us the chargeoff with crescent bank would have to be paid off to qualify for mortgage. So, I called crescent bank and they negotiated down to 6K but the offer is only good for a limited time. I have not been able to borrow the money to pay them off. So my question is do you think they will allow me to pay off the amount in monthly payments? Will they try to garnish my check? Need to know what to do before I contact them again. thanks for your input.