How is a Charge Off bad Debt reported by the creditor?
Date: Wed, 05/16/2007 - 12:30
The account shows on my tri report as to the original creditor but not the agency.
The account shows as "Charge Off" "Cahrge Off BAd Debt" and so on by the creditor.
If I pay off the debt with the CA...does the creditor make any notes on their side or does it still show as charge off etc.....
Any thing I can do about it?????
Your account was charged off by the oc and if they report it cor
Your account was charged off by the oc and if they report it correctly,it sticks for the sol for reporting.
SOL for reporting is 7 yrs....
Is that 7yrs from 1st late payment....
date of payoff.....
or orgination date.
Is this a fuzzy date? How can I id what the date should be?
Is the first date of delinquency the first tim eit was 30 days late.....or the last....
Under the Fcra,it is 7 years + 180 days from date of first delin
Under the Fcra,it is 7 years + 180 days from date of first delinquency(missed payment).It can be extended if you reacknowledge or start paying on a debt.
The charged off item will stay on your credit for seven years. T
The charged off item will stay on your credit for seven years. This begins from the date of your first delinquency.
The SOL will be calculated from your last payment date according to your state laws. Call the original creditor and get the status of your account. They may have your file in their system unless the debt is sold off. In case, the account is sold, the creditor will report a zero balance to the bureaus and the collection agency will report the latest payments after receiving your payments.
If I have a charged off as a bad debt and it dated 01/2006 and j
If I have a charged off as a bad debt and it dated 01/2006 and just now in May of 09 have received a summons for a court appearance to pay a debt collector for this bill, what rights do I have?
a bank charge-off on me but what i dont understand every month t
a bank charge-off on me but what i dont understand every month they post a charg-off on my credit report...shouldnt it be one time only not six times as they already did
CO is a status. Once the account is CO'd, that is the accounts
CO is a status. Once the account is CO'd, that is the accounts status from that point forward.
And if they sell the account? Does it have to be -0- from the o
And if they sell the account? Does it have to be -0- from the original creditor or can it continue to show by the OC the amount of the write off? This is so confusing.
If its sold then it should have a $0 balance and a "Sold/Transfe
If its sold then it should have a $0 balance and a "Sold/Transferred to another Lender" notation.
That is what I thought. It could be that when I pulled my repor
That is what I thought. It could be that when I pulled my report, it would have been 2 soon to have reported as sold. I found out that HSBC had charged off the account when I was attempting to make a payment on the website. It refused access and told me to call them. I will be getting in the mail shortly another report to verify that it has been done. Thank you!