Discover Charge Off
Date: Wed, 11/25/2009 - 14:50
Discover is claiming that my account will charge off at the end of December; however, this would put my account 210 days past due. I thought all accounts charge off after 180 days. Also, they have been unwilling to budge for the past 3 months off of their offer of 60% settlement on the current inflated balance. Should I continue to wait to see if they'll reduce their settlement %? Or should I take the offer now (I can afford it) given that the settlement amount keeps increasing every month, and will increase on November 30th?
Has anyone had similar experiences with Discover?
Has anyone had similar experiences with Discover?
Often banks delay to charge off an account to accumulate more on
Often banks delay to charge off an account to accumulate more on late fees and interests. I think that is the case here too.
IMO since you have already waited this long, you may wait little longer to see what the collector can offer you. When dealing with the collector start with an even lower settlement offer.
You can search the site for more info. Discover has been discussed several times in the past.
