Charged off Account Question
Date: Fri, 09/14/2007 - 19:56
I have an old navy account that has been charged off. They never sent to collections, that I am aware of, and it doesn't show on my credit report.
Can I call them and offer a settlement to change my "charged off" status?
Since they have already written it off what do you think I can ask for as a settlement. 50% 40%
If so, what do I ask them to change it to?
reply
Hang on, got2pay! One of the members with more expertise on the whole "credit" issue will be along to answer your questions! Hang in there and they will be here to help you! :D
In most cases, they will report as settled for less than owed, o
In most cases, they will report as settled for less than owed, or something to those words on your credit report.
How long has this been charged off? They could have, or be in the process of sending or selling your account to a collection agency, which you don't want. It is much asier to deal with the original creditor than a CA.
I called one of our credit card companies and paid off their bill after they had cahrged it off. I knew I owed it and had gotten some money together to take care of it in full.
What ever course of action you take, make sure you get in writing what you are wanting.
Good Luck-keep us posted..KAren
