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[Q=christineu18]...but I still owe $7,000....I’m contemplating if I should just keep paying my monthly payments for 3 more years to avoid ruining my credit or just stop the bleeding...... Or is it all scare tactics?[/Q] Well, that's a decision you have to make for yourself? Is it worth it for you to pay $7000 in order to protect your credit score that might be affected. The rest of us here can't make that decision for you. Besides, everyone's situation here is different. For some, the protection of a credit score might be worth paying $7000. For others, it would not be worth it. Only you know your situation and what would be best. And BTW, usually it is just scare tactics. That's all they really can do.