Can a charge off be continuously reported every month?

Be careful when dealing with the current owner of the debt with regards to settling. A lot of times, any new activity on the acct. (i.e., paying it off) will start the reaging process and the debt will appear on your credit reports for another 7 years.

You can send a settlement offer to the company via certified mail/return receipt requested, here is a link to a sample letter...

http://www.debtconsolidationcare.com/letters/sample17.html

Make sure they agree to remove all late payment/charge off details from your credit reports as a term to your settling the acct., and to protect yourself, make sure they sign something and send it back to you, so that you have written proof that they agreed to these terms. Then if they do not honor the agreement by removing all negative info, you can dispute.

A charge off is to be reported from the original date only. The date should not be changed every month to give it a current look because the reporting time of the negative mark is stretching longer. This hurts your credit ratings longer than scheduled.

If you have proof of the charge off date, send it to the credit bureau so that they do a thorough investigation with the information provider.

I have disputed it twice with Equifax and both times they said the reporting agency stated it was reported correctly. Will Equifax investigate something like this in such detail if I send them verification? Is there a law or rule I can reference. It seems they just want to perpetuate the charge off.

Credit bureaus if they refuse to correct information after being provided proof, it is defamation, willful injury. Under FCRA Section 623, file a case against the credit bureau and get compensated up to the extent of damages incurred by the wronged party, as deemed by the courts.