Best Answer

Why would you want to do anything? Having active accounts, instead of charged off accounts is a positive reflection of your past credit history and is probably causing you to have a credit score. This is a good thing, certainly much better than having charge offs, even paid charge offs showing. Your credit report is a history of how you have managed debt over the past 7 to 10 years. Accounts that were active during that period of time, whether open, closed, active or delinquent, are SUPPOSED to show on your credit report. Having them removed would certainly decrease your current credit score.

User Avatar

Wiki User

โˆ™ 2004-08-17 08:13:54
This answer is:
User Avatar
Study guides


23 cards

What can a creditor do if you are in default on a credit card

What do you do when your application for credit is rejected

How can you get a loan with 470 credit score

Monique's previous credit card balance is 199.26 and she has a monthly finance charge of 1.5 How much will the credit card company assess in finance charges on this balance

See all cards
10 Reviews

Add your answer:

Earn +20 pts
Q: What can you do if your credit report shows active accounts that you thought were charged off?
Write your answer...
Still have questions?
magnify glass
Related questions

Does your husband no longer have a credit history if he has been unemployed for 10 years even though you have joint credit accounts?

If you have joint accounts that have been open and active in the past 7-10 years, your husband has a credit history. Credit history has nothing to do with the status of his employment.

What are the 3 categories of consumer credit?

The three types of accounts on a consumer credit report are installment accounts, revolving credit and open accounts. Credit cards are considered revolving accounts.

Is accounts payable a credit or debit?

Accounts Payable has a credit balance.

What is the term used to describe the dollar amount of periodic interest charged by financial institutions on credit accounts?

annual percentage rate

What is policy rate?

Policy rate is the rate of interest that banks charge. It can be a rate charged from credit cards, insurance policies, savings accounts, checking accounts, or other similar things.

Is Revenue accounts increase by credit or debit?

revenue accounts increase by credit

How can you get your name off the credit report if your ex let the joint credit card get charged off and the truck was repossessed?

The divorce is of no consequence. If your spouse and their ex opened joint accounts while they were married, they are jointly liable for those accounts and both credit reports will reflect the history. A divorce never supercedes any other contract. You mentioned that the accounts were "both in other spouses name". If that were true, the accounts would not be on your spouse's credit report in the first place.

Who is charged for misusing credit cards?

People who misuse credit cards are charged for misusing credit cards.

Is a decrease in accounts receivable debit or credit?

A Credit entry reduces Accounts Receivable

In a credit report what do individual ratings of 19 09 or R9 mean?

These are charged off accounts: Installment Loan, Open loan that is paid in full each month, and Revolving Line of Credit.

Is it true when using the allowance method of accounting for uncollectible accounts the entry to record the bad debt's expense's is a debit to Bad Debts Expense and a credit to Account's Receivable.?

No while using allowance method, bad debts are charged to allowance for bad debts account rather charging the accounts receivable because accounts receivable was already charged with allowance when it was created.

How do you get accounts that have been closed for a long time removed from your credit report?

You get closed accounts removed from your credit report in the same manner as any other information. You write a letter of dispute to the creditor, or credit bureau, or both. The question is; why do you want closed accounts removed from your credit? If these accounts were paid as agreed, their appearance on your credit report is still offsetting any other information that appears there. I have clients with closed, 6-10 year old, accounts and active derogatory accounts that still have viable credit scores. Were they to challenge and have removed the closed accounts, they would have no score at all, which can be worse than having a low score. Keep in mind that your credit report, and the resulting credit score, is a history of how you have paid your bills in the last 7 to 10 years. You do not necessarily want that history to be empty.

People also asked