CC Charge Off
Date: Thu, 05/08/2008 - 11:30
Can the company still take me to court even though they "charged off" the account?
The balance was only about 500 dollars and my last payment made to them was in October of 2007.
Actually, I still want to pay the balance because I know having a "charge off" on your credit report is bad.
Do you think I can still call the cc company and work out payments?
reply
it can't hurt to see,some cc companies charge
off and keep the debt,others sell it to CA'S
if you want to pay it off and it wasn't given
to a CA i don't see why a cc company wouldn't
want to work with a payment arrangment.
I had a CC that was charged off. The CC still owned the debt but
I had a CC that was charged off. The CC still owned the debt but they had a CA do the collections. I could speak to either one but I had to make payment offers and payment to the CA.
call the Credit card company and see if they have sold or assign
call the Credit card company and see if they have sold or assigned the debt to a 3rd party collection agency. If it has than you will have to work out a payment with the 3rd collection agency. And yes they could take you to court , however the balance is not very large and so its not very likely.
If I paid the balance off, would they take of the charge off sta
If I paid the balance off, would they take of the charge off status on my credit report?
reply
mobile is right on,two of my cards that were paid through CA'S show chargeoff paid.it is better than just chargeoff,but once it is charged off,even the OC can't change that.
They are more interested in getting paid than ruining your credi
They are more interested in getting paid than ruining your credit ... many times you can offer a pay for delete. If the OC still owns it, they might just agree to take it off your credit if you pay them in full.
If they do agree, just make sure to get it in writing. Otherwise if they reneg then you have no proof that they agreed to remove it.
A When a creditor puts a "charge off" on your credit report, it
A When a creditor puts a "charge off" on your credit report, it means the creditor no longer believes you will pay the bill and has written the debt off of its books. Often, they then sell your debt to a collection agency that pays pennies on the dollar for the right to try and collect your debt.
While it is legal for them to pursue you, they have to live within the rules of the Fair 1. For more information on the Fair Debt Collection Act, go to the Federal Trade Commission's website, ftc.gov, or log onto http://www.ftc.gov/cp/conline/pubs/credit/fdc.htm for an easy-to-understand Q&A about legal debt collection practices.
IS MY VEHICALE SAFE IF C.C. WAS CHARGED OFF BUT LOAN SAYS THE CA
IS MY VEHICALE SAFE IF C.C. WAS CHARGED OFF BUT LOAN SAYS THE CAN TAKE TRUCK ON BOTTOM OF TRUCK LOAN. OR CAN THEY REALLY REPOSESS?ITS A 2000 DODGE DURANGO WITH 130,000 WITH V8.SEEMS SILLY THEY WOULD RISK TRYING TO SELL IT AS I AM CURRENT WITH MY AUTO LOAN!
