Originally Posted by Harmon

If it's gone to collections (for sure), the original company won't even touch the account due to the fact that it has probably been charged off and they have sold the account.

His best bet might be to contact the collection agency and strike up a kick ass deal, then bve sure to get a letter sent stating that the debt had been fulfilled. This is still going to hurt his rating, but if he can walk into a bank in the future and prove that he satisfied the loan, it may give him a little leeway as far as getting another loan