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Restoring Credit Cards That Had Been Charged Off....

Date: Mon, 08/01/2005 - 12:43

Submitted by anonymous
on Mon, 08/01/2005 - 12:43

Posts: 202330 Credits: [Donate]

Total Replies: 52


I have two credit cards that had been charged off due to delinquencies and I was curious if anyone had any strategies for negotiating to have these accounts restored? While I had previously neglected these accounts, I'm now in a position to address them and would very much like to have the accounts active again. Any suggestions are helpful, personal experiences of a similar manner are greatly appreciated!

Thanks!!!


I am dealing with a collection agency, MRS associates, for my charged-off cap one card. As an aside, they have actually called my mother in law and given her detailed information about the account...Nonetheless... They have offered a settlement amount of 50% of what they say I owe, which is actually the amount of the original debt before fees. The rep I spoke with said they would only accept check by phone, and that they would send me a letter detailing the terms of settlement. I know I need to send a check certified mail, after they've signed an agreement..I'm just not sure what the agreement should say. Any suggestions?


lrhall41

Submitted by on Thu, 02/28/2008 - 22:34

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On my credit report, MRS does not show up, only CapOne as charge-off. Will settling the debt with MRS with a written agreement to change status to "paid as agreed" actually even apply to the report from CapOne?


lrhall41

Submitted by on Thu, 02/28/2008 - 22:43

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