I had a repossession over 5 years ago. The bank sold the vehicle and then charged off the rest of the debt. I received a 1099-C for the charged off debt from them this year and claimed it on my taxes. However, they are still reporting that I owe $4,000. I'm assuming it is the interest from the loan since they are not allowed to put that on a 1099C. I disputed it on my credit report, but they confirmed that I owe that amount. I know its beyond the statue of limitations, so they can't place a judgement on me but I applied for a mortgage loan and was told that I needed to pay that off in order to be approved. I would like to settle it for less than that is owed so that it shows a zero balance on my credit report. Can you give me advice on how to do that please? Thank you.