How do you know on a report if it charged off?
Date: Wed, 12/31/2008 - 12:36
I ran out of time with AMEX and ny credit report shows no payment history and OC in the 1 box. They forward me to NCO when I call Amex and I have just settled with NCO, The letter stated they will report to AMEX that the account is settled. My question is who will report it to the Credit Bureaus as settled. I am just confused with what AMEX did? Did they charge it off or just contract it out to NCO? I have Western Union proof of payment and a letter. I am just waiting for a letter from NCO saying it is final.
Your account may have been sold off to the collection agency NCO
Your account may have been sold off to the collection agency NCO. Here's the procedure to deal with a collection agency: -
Step by Step Guide for settling your debts
I guess the question I have is a sold off account considered a c
I guess the question I have is a sold off account considered a charge off? Updated report is NCO did pay AMEX the $ I sent them - Now I need it changed on my credit report as settled or at least 0 balance. Thanks for your help.
