What does "Charge off means"
Date: Wed, 04/29/2009 - 09:13
I had a capital one and AMEX credit card account that I did not pay off back in 2006. Now in my credit report I see the status from Capital one is “Collection /Charge offâ€.
Also I don’t see these accounts with any collection company because no one is collecting it infect it does not show up in my credit history under my collection account listings.
What does this Charge off means? Can I pay this to Capital one and have it removed from my credit history
Also I don’t see these accounts with any collection company because no one is collecting it infect it does not show up in my credit history under my collection account listings.
What does this Charge off means? Can I pay this to Capital one and have it removed from my credit history
Charge off means they charged your bad debt off their books.
Charge off means they charged your bad debt off their books.
They may still hold it so it is possible that you can pay the creditor directly. However it stays on your credit report from 7 years.
soaps right..its just an accounting term more or less..you still
soaps right..its just an accounting term more or less..you still owe the debt even if it is charged..amex has probably sent to collection agency even though it is not on your credit file..contact amex if you are interested in paying it back..they can tell you who has it currently..but you should be able to pay amex as long as debt in not sold/transferred to another lender...
