I had a car repossed last year. I still owed 3,000 on a 7,000 vehicle. Not only did they repossess the car but they also put it on my credit report showiing a collection amount of 7,000--the full price of the car. So the questions I have are
1. can they reposess it AND put it on my credit report, and 2. can they report the whole balance or just what I owed on it?