I co-signed with a then friend for a charge card which he purchased a scooter. He was making payments on the charge card, and then let and moved out of state. I tried to continue making the payments, but fell behind when the interest went from 9% to 26% making the payment much more than I could handle. I sent a letter stating that I could not pay the amount they were asking but was will to make a smaller arrangement if they'd agree. On Sunday afternoon (10-07-07) someone showed up to repo the scooter. No explanation was given. Just that they were to take it. I have the title in hand so I assumed that it was already paid for. What can I do??? I don't want this to go against my credit and was more that willing to continue making the payments.
Please advise smb!
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