Jump to content

Should I pay the repo


DivineDiva
 Share

Recommended Posts

I have a 5 year old repo on my CR with a 4k balance. They are offering to settle for 1500. The LO said I need to get my score up 1 more point. If I accept the settlement and pay off the repo, will that boost my score?

Yeah get it in writing that they will agree to a delete or removal if its paid!

Simple as that.

Loan officer says 1 point? that almost sounds like someones pulling your leg, but who knows you could be that close.

Link to comment
Share on other sites

I have a 5 year old repo on my CR with a 4k balance. They are offering to settle for 1500. The LO said I need to get my score up 1 more point. If I accept the settlement and pay off the repo, will that boost my score?

Yeah get it in writing that they will agree to a delete or removal if its paid!

Simple as that.

Loan officer says 1 point? that almost sounds like someones pulling your leg, but who knows you could be that close.

I'm with you on that. That sounds a little odd, one point?? I mean its not like your at the 639, and you need a 640..

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.