Safco Fraudulently Reporting Late Payments!!. I was diagnosed with cancer and going through treatments. My husband also has prostate cancer and neither of us were working. We had the car voluntarily repossed 2 years ago (July 2016). This company sold the car and recovered all that we owed except $2,000 (or at least that is what they told us), but Safco is still reporting as if we still own and have a balance of $8,000 and that we are late making the payment every month. I have disputed this so many times, but because Safco pays the bureaus they will not correct the problem. This is so unfair and straight out fraudulent.