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A debt being designated as a "charge off" does not mean the debt is not valid and collectible. Collection of the debt will still be pursued either through an agency contracted by the original creditor or a third party purchaser. The creditor/collector has the option of filing a lawsuit against the debtor to recover monies owed as well as using common collection practices such as telephone and written correspondence.

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βˆ™ 2006-08-22 12:47:27
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Related Questions

Who should you call if a credit card company listed you as deceased on your credit report?

You should call the credit card company.

How do you get addresses for credit cards for bankruptcy?

Get a copy of all three credit reports. The addresses and/or phone numbers of all your creditors should be listed on the report. You should also include the addresses listed on your statements so that in case your credit report has an error your creditor will still get notice of your bankruptcy.

How do you get a judgment listed as satisfied on your credit report?

Your creditor should do it. If not, go to the credit reporting agencies and try a dispute. This is free. No subscription tricks.

Should you dispute an entry on your credit report that is listed twice as the same account and same amount but different account numbers if both are listed as individual debt and should be joint?

You should dispute and have this consolidated with the correct information. Not all creditors or people looking at the credit report would notice this was the same account.

What should you do if a creditor listed on your credit report is no longer at the location shown on the report?

Sumbit a dispute based on inaccurate information and let the credit report agency find them for you.

How long are credit cards listed on your credit report?

7-10 yrs

Is the credit rating of a cosigner's spouse affected?

This should not show up on your personal credit report, but if you jointly apply for a loan (it is usually required that both spouses be on real estate transactions) it will be listed as one of his obligations and possibly reduce the amount that will be approved. And if the cosigned loan is in default or has been charged-off or repossessed, it could make it difficult to get a joint loan.

How do you make your Kindle forget networks?

Next to the wifi networks listed, if you are already connected it should say forget.

How can one solve an Experian credit dispute?

If there is an issue on Experian credit, one should immediately contact the toll free number listed on the credit report. The operator will instruct the individual on the proper procedure for clearing all disputes.

Should you tell your new landlord about judgment that was paid?

no, if the credit bureau has it listed just make sure they also have it showing as paid.

How would you find the available credit limit for cardholder?

Listed besides card on credit report

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Credit reporting requirments means it will be listed for 7 years.

What does it mean says NE beside your credit hours?

The NE next to on your credit report stands for new credit. The hour you received the credit is not listed on a credit report, just the date and where you opened the credit line.

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Refinance the mortgage with you listed as a borrower. You will not be reported to the credit bureaus by being listed on the deed since you have no obligation to pay the debt.

Does a foreclosure have to be listed on public record in order to be valid?

No, in all likelihood it will eventually show up on the credit report and be entered at the county recorder's office. If it pertains to a credit report, the consumer should keep in mind that the credit information of a consumer will not necessarily be found on all three credit bureaus reports.

How do you find out the names of debit collectors on my credit report I am trying clean up my credit but I have a lot of old debt that and I need to get the names of the companies I owe money to?

The names of the CA's should be listed with each trade line on your credit report along with their contact info

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What is an open account listed on a credit report?

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Is 718 credit score good?

According to that uses Experian as the basic credit score- 718 is listed as good-

If your bank account says EFT Charged Off does this mean that the account is closed?

If an account is charged off it is automatically closed. It is listed as uncollectable debt.

Look On The Bill?

Do you know how to get your credit score? It is simple to do. There are actually several credit agencies that you can call to receive your credit score. The credit agency representing the bill that you are paying should be listed on the bill. There will be a number to call to get your credit score either mailed to you or they may give it to you over the phone. Look online for free credit scores. But beware; although it may say free credit score, it is usually only a free trial.

How would a collection of 230 affect a person with 50000 in available credit and 730 score?

Your credit score can be decreased by having collection accounts listed, a judgment, late payments or if you have too much available credit. If you have that much credit, you would want to contact the credit issuer to lower your credit limit. Your debt should never be more than 35% of the available credit. Timely, consistent payments to your creditors and low credit limits will help increase your credit score.

After a promotion how do you increase your listed income at the credit bureaus?

Credit bureaus don't usually keep that information. You provide it to prospective creditors when you apply for a loan or credit card.

If you have a credit report what would be listed on it?

all your credit cards,home address and previous address,card you canceled and still have and how many years you had you credit cards and ect.