many questions

An account is referred as charged off when a creditor company doesnt get payment for a period of 6 months or 180 days. The creditor company then reports the same to the debtors credit report and will remain in the report for a period of 7 years from the date when the account was first charged off.

Now if you payoff the debt after your account is being charged off then it will not be marked Paid in Full but the status will be changed either to Charge off Settled or Charged off Paid.

So I might as well try to make a settlement with them if they are not going to mark it as paid in full and remove it. This way it will save me money?

How old are these charge offs? Are the still with the original creditor, a collection agency, or a junk debt buyer?

I have
1 from first premier that says 90 ays past- credit line closed-grantor request- reported by subscriber ($458)

1 from cap one that was a charge off end of 2006 (457)

1 from First prem past due 120 days credit line closed -grantors request- reported by subscriber ($481)

1 from HSBC past due -unsure how long- ($290)

1 from hscb charge off end of 2005 ($573)

1 from merrick Bank Charge off mid 2008 (881)

1 in collections from NCO Financial/99 end of 2007 (700)

1 in collections Unistates Ca LLC Beg 2008 ($290)

1 from military star card which paid off when it was taken out of my 2007 taxes

1 in collections for Conserve (amt unknown) 11/2006

1 from Pentagon Federal Credit Union paid was a charge off 2/1/06

2 from Sallie Mae Paid was due 180 days or more.

Please let me know if you have any advice.

If I make a settlement with these companies and pay these charge off's will they remove them from my credit because they were paid?

What if a collection agency picks up a debt that is 7+ years old and tries to collect. Can they do this? I was under the assumption that after 7 years they had no recourse to collect on the debtors behalf...

I HAVE A C.C. CHARGED OFF CLOSE TO 5000 I HAD WENT BACK TO CREDIT UNION I HAD C.C. WITH TO SEE IF I COULD GET THIS CAUGHT BACK UP.AT FIRST THE LADY I SPOKE WITH SAID YES.WELL EVERYTIME I TALKED TO HER SHE KEPT CHANGING WHAT WE COULD DO. WE WAS STILL MAKING A DEAL FOR ME TO PAY BACK AT 75.00 A MONTH.BEFORE I TOOK THE AGREEMENT UP TO BANK MY GIRL FRIEND COME HOME SAID THEY FROZE OUR ACOUNT, BUT THEY LET US GET OUR MONEY OUT STILL.I CALED THE SAME PERSON I WAS SPEEKING WITH AND SHE SAID SHE WAS PLANING ON DOING THIS.IM OVER 6 MONTHS PAST DO.I KNOW THATS NOT GOOD BUT I FEAL REALLY DECIEVED.SHE NOW TELLS ME IM LUCKY THEY DIDNT REPOSESS MY GIRLFRIENDS TRUCK WICH IS IN MY NAME.AND LOAN IS WITH SAME BANK.YES ON THE BOTTOM OF MY CAR LOAN I FOUND IN SMALL PRINT SECURITY AGREEMENT FOR ALL AMOUNTS YOU OWE UNDER THE PLAN AND THAT THE PROPERTY DESCRIPTION IS INCORPERATED INTO AND A PART OF THE PLAN, THAT PROPERTY IS ALSO SECURITY FOR ANY OTHER LOANS,INCLUDING ANY CREDIT CARD LOAN THAT YOU HAVE WITH THE CREDIT CARD UNION NOW OR IN THE FUTURE
BUT CAN THEY STILL DO THIS IF CARD IS CHARGED OFF?TRUCK PAYMENT AND MY OTHER LOAN WITH THEM IS CURENT.

can my bank take my truck if all my loans with this bank state car can be used for collateral if loan not paid.truck is current and all loans also except my c.c. with them wich is 9 months late and a few months ago thay cleared this of there books

I Just recently Paid in full 4 chargeoffs.My credit reports just says Paid.And my score went up over a 100 points.So you might try just paying some off in full starting with the newest ones.
Hope this helps.