Who keeps their debt after charge-off and who uses CA's?

Date: Sat, 04/04/2009 - 06:57

Submitted by anonymous
on Sat, 04/04/2009 - 06:57

Posts: 202330 Credits: [Donate]

Total Replies: 2

I have a couple cards approaching charge-off and I would rather work with the orginal company as much as possible. Are their certain credit card companies that are more likely to keep the debt themselves after charge-off? Who are the easist to work with tight before (or right after) charge-off?

The debts I have include:
BofA
Discover
CapOne
Chase
Citibank

Thanks!!

All the above hang on to their CO'd accounts until SOL expires.

All the above hang on to their CO'd accounts until SOL expires. Cap1 and Discover keep excellent records and will file suit. Chase, BOA and Citi should now be considered 3rd Part Collectors because they are now colecting for the US Government. How ironic.

lrhall41

Submitted by NASCAR_Devil on Sat, 04/04/2009 - 07:03

( Posts: 4671 | Credits: )

I had three Bank of America credit cards, each about $5-6K balan

I had three Bank of America credit cards, each about $5-6K balances, that were sold off to junk debt buyers right after charge-off.

lrhall41

Submitted by on Sat, 04/04/2009 - 10:31

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