Jim
Orlando,#2Consumer Comment
Sun, August 07, 2011
Get your credit reports from the three major bureaus and follow the process they proscribe where you can add explanatory notes or rebuttles to entries found in those reports. Write your report using ONE PAGE and make it fact based...names, dates etc. Although the payments are STILL your responsibility, a report written by you may take the "sting" out of that late entry which was caused by this dealer.
As for trading in the car, do you realize what will happen? You still owe on that car. If you trade it in, the amount you owe doesn't disappear. It is rolled into the new loan and you will be paying for two cars but driving just one.