I’m cleaning up my husbands credit to move towards buying a new home. We had an auto loan from crescent bank in 2011-2012 long story short the car needed a new motor in less than a year because it was a piece of junk that a salesman tricked us into buying. Lesson learned. The loan amount is on his report, not listed as a collection because it’s still with crescent I plan to settle it next month for around $ 4k. But how is it being listed on his credit report? I’m basically asking how is it classified since it’s not a collection? Just a charge off?