Paying charge offs through debt counseling program
Date: Tue, 06/09/2009 - 12:26
I am paying my Lowes account which is with a collection agency. I know about validation and so on. On my credit report Lowes is reporting my Condition as Derogatory but I have been making payments to the collection co. for several months. Should I bother in asking Lowes to change my condition to read Pay as Agreed, or Current. Anything but Derogatory. Or will they even bother to change it, cause of the 7 year rule??
If your account is charged off or in collections, any payments y
If your account is charged off or in collections, any payments you make after that point are reported negatively. You are not paying as agreed or current.
charge off
So what is the best way to handle these charge offs, I am paying them every month through my debt co.
You could go for a settlement and ask for a pay for delete.
You could go for a settlement and ask for a pay for delete.