Credit reports & charge offs

Credit card debt are huge sleeping bears. You start poking at it....it will wake up and bite you. bad. All a charge off is is the company wiping the account clean on the books, they took it as a loss. They still own the debt, especially if they are still accurately reporting and updating the accounts on your credit report.

I would leave them alone while they are leaving you alone. If you want to start disputing them, wait until they are past the SOL so you won't get sued over it. I mean, unless they are not your accounts or are grossly misreporting, disputing them will get you nothing good.

Thanks for your response. I really would rather just leave them alone and hope that being as they are that old that potential credit givers would look past them.

Charge-off remain on the credit reports for 7 years. If you have not paid or settled them off, then it would continue to stay on your credit report. If you have settled or paid then off, then the account status will not be updated as "Settled" or "Paid" charge-off. The listing will only be deleted if you negotiate for "Pay For Delete" settlement agreement with your creditors.