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car repos and dealing with collection agencies


miss garfield
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i had a car repo approximately 3 years ago and have paid a collection agency for this account for the last 6 months payments of 50 dollars a month and now they are saying that they can't accept payments any longer unless i send them 20% of the amount owed i currently don't have a job and do not know what to do they have been looking at my credit report without my permission

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"...car repo..."

This means the balance owing on your loan went into default. All defaulted accounts are due in full. OC's and CA's may accept payment at their own discretion, but they are not under any obligation to do so and are certainly within their rights to demand full payment or any portion thereof.

"...do not know what to do..."

What do you want to do?

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