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Predatory lender, don't do it!
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i took out a car title loan with 1800loanmart in june 0f 2012 for $2500. I paid on the loans for two years until the principal was paid off then i defaulted because of illness, the car was repo'ed and the account closed and charged off. Today, the account is STILL being reported on my credit reports and the charged off balance is $8775!!! i am not sure why the charged off amount is still growing and how legal that is but that keeps negatively impacting my credit. The charge off should have been enogh but for the amount to continuously grew, is ridiculous. The amount was stagnant until i rejected their settlement attempts. Ever since then, the amount has steadily increased.
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