LOTS of questions! Sorry and TIA for any help!!
So back in 2006 I had a car repo'd. It was financed through a CU. So I see on my report that said CU is reporting it as a "Repossession" with a balance of $9604 and it's estimated to come off my report 11/2011. Well, it's also on my report under the CA (Allied Debt Recovery) but it's showing an original balance of $12,381 and a current balance of $13,506 with an est. removal date of 12/2012. So....
Question 1 - Can it be on my report from BOTH of these companies? I'm ASSuming yes, however I feel better having asked just to be sure. :) And if so, if I was to pay on one, what would happen to the other? Seems like they're "Double dipping" and my report and I will be screwed either way because obvioulsy I wouldn't pay on both since they're the same debt.
Question 2 - Why is my ending balance from the OC only $9604 but the beginning balance with the CA is $12,381?? Fees?
Question 3 - With the removal dates of these 2 debts being so close...should I just ignore them and wait for them to come off on their own since I don't have the funds to pay it off anyway? And when they do come off my report, do they REALLY come off? All the way?
Ok I think that's all the questions I'm going to bombard you all with at the moment. ;) Thanks all!