Does a charge off get updated on credit report if settled?
Date: Thu, 03/15/2012 - 18:11
After settling 100k of credit card debt between me and the mrs., I am stuck with one account that is charging off at the end of the month, all others settled before CO, except Capital One of course.
The CA, ARSI, says they cant do settlements for Amex until CO and can only accept a payment to bring me up to date. They say they usually dont get Amex accounts until CO and dont even know how I got there a month before CO. Probably because I told URS not to bother calling anymore since they were at 60%.
I have read SoapLady's posts saying paying a charge off does absolutely nothing for your credit report, but does the credit report at least get updated to say it was charged off then settled?
The CA, ARSI, says they cant do settlements for Amex until CO and can only accept a payment to bring me up to date. They say they usually dont get Amex accounts until CO and dont even know how I got there a month before CO. Probably because I told URS not to bother calling anymore since they were at 60%.
I have read SoapLady's posts saying paying a charge off does absolutely nothing for your credit report, but does the credit report at least get updated to say it was charged off then settled?
It will be evident to anyone reading your report that the accoun
It will be evident to anyone reading your report that the account was settled but paid off after charge off. The balance will be zero'd out.
Yes, your credit report should say it was charged off then settl
Yes, your credit report should say it was charged off then settled.
