Wells Fargo and charge offs
A charge-off is an internal bookkeeping measure taken by the cre
A charge-off is an internal bookkeeping measure taken by the creditor.
Unlikely they would "reverse" the charge-off, particularly if they have reported the debt as uncollectible to the IRS and thus taken the tax benefit of shifting the debt from a receivable asset to a non-receivable bad debt. However, they can always agree to delete their reporting of it to the CRA, which is all the consumer is really concerned about.
How they handle their internal bookkeeping is really of no concern.
Do they still own the debt? If so, they may entertain a PFD request.
I'm not sure if they still own it or not, I noticed that it is c
I'm not sure if they still own it or not, I noticed that it is charge off status, I haven't gotten a bill from anyone else, including them, in the last couple of months.
I guess I can call and find out?