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Miguelius08 · Posted: Sat Aug 11, 2007 11:00 pm Subject: Charge Off Negotiation

I want to begin negotiating the deletion of a Charge Off that I incurred about a year ago from US Bank. The problem is that I don't know where to begin! I've read about sending a certified letter and to keep everything in writing. I've read that it is okay to call and strike an agreement and get it in writing also. I will be paying in full a $790 charge from my college credit card that I flubbed up with them. Any suggestions would be very welcome! Very Happy

Posted: Mon Aug 13, 2007 5:02 pm Subject:

Is the charged off item by US Bank correct? If so, the item will not be removed from your file before it is past the seven years period. This is according to the rules mentioned in the FCRA. However, you can pay off the item to the bank and slightly improve your credit ratings.

Posted: Tue Aug 14, 2007 4:05 am Subject:

A charge off can be deleted by the creditor that placed it there.Per the Fcra a data furnisher is not required to report anything.They are only responsible to report correctly. You would have to send a letter to them agreeing to pay in full in exchange for either 100% positive reporting or deletion of entire account. It is best to use google to find a address for Executive level persons working for the creditor.Send it certified return receipt of course.

Posted: Thu Oct 25, 2007 11:40 am Subject:

Hi, I just posted a question similar to this but no one has responded yet. I just paid a charged-off credit card a few months ago and it now says "Paid after charge-off". I like that it at least says paid, but are you saying I can still try to get it completely deleted? Has anyone ever had success in getting a charge-off deleted after they have paid it?