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Is it legal or not? - Loan people reporting that I ...


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Posted by Amanda (205.188.209.144) on November 02, 2003 at 17:37:45:

My car loan was in a charge off status for only two weeks. I sucessfully caught up most of the arrears and renegotiated the loan (received this in writing) with the OC for less monthly payments, thus extending the loan.

However, I was told that they will continue to report that I am late/in default every month until paid in full.

Is this legal (NY State)?

Thank you.




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