Yes and it will report that way until the SOL has run its course for the reporting time which is 7 years.
It will remain on the report for the required length of time and should be marked "included in bankruptcy."
A charged off account is similar to a collection on your credit report. The creditor has written off the debt owed and closed the account. The debt is still valid though and can be collected on. The charge off will lower your credit score unless removed. You can dispute a charge off and this give the credit bureaus 30 days to verify the charge off or it must be removed from your credit report.
This will stay on your credit indefinitely until it is paid. Once it is paid, it will show a zero balance, but your credit report will still show that you did have a judgment at one time. It will stay on the report for approximately 7 years.
it will show the balance & the bankruptcy followed there after.so the answer is NO. GOOD LUCK
All depends on how old it is, some choose to walk away if the debt is beyond the SOL for legal recourse, or close to dropping off of the credit report. If that's not the case, some choose to negotiate and settle the debt for as much as 50 to 75% of the balance.
What do you mean by "fix" it? Do you want this taken off of your credit report? Was the loan legitimately charged off? Do you still owe a balance on the loan? If you have a legitimate charge off reported on your credit report, it cannot be legally removed. If you owe a balance and the charge off is recent, paying off the balance could help. However, the charge off will still show on your credit report for 7 years, and only time will remove it. Still, if you keep your credit in good shape otherwise, the charge off will hurt you less and less as time goes by. Read more about your credit report and score in the link below.
The still stay on your credit report the normal length of time for negative credit entries (7 years). After the discharge, they might still show a balance but should also make not of being included in the bankruptcy.
It will remain on the report for the required length of time and should be marked "included in bankruptcy."
A charged off account is similar to a collection on your credit report. The creditor has written off the debt owed and closed the account. The debt is still valid though and can be collected on. The charge off will lower your credit score unless removed. You can dispute a charge off and this give the credit bureaus 30 days to verify the charge off or it must be removed from your credit report.
This will stay on your credit indefinitely until it is paid. Once it is paid, it will show a zero balance, but your credit report will still show that you did have a judgment at one time. It will stay on the report for approximately 7 years.
it will show the balance & the bankruptcy followed there after.so the answer is NO. GOOD LUCK
All depends on how old it is, some choose to walk away if the debt is beyond the SOL for legal recourse, or close to dropping off of the credit report. If that's not the case, some choose to negotiate and settle the debt for as much as 50 to 75% of the balance.
If it is listed as a charge off, or reporting lates with a $0 balance, than negative info will remain on your CR's for 7 years from the DOLA
Every credit company and lender is required to repost to the credit bureaus monthly so it will show a zero balance within a month of paying it off but it will not be completely off you credit report. It will still show the company and original balance of the loan but it will show that the balance is at zero and when it was paid off.
A charge-off is a tax technicality that gives the creditor a tax deduction and you a taxable cash event. It does not "erase" the debt. You still owe it. It will stay on your credit report for 7 years. If it stays on after that period, file a complaint to the credit reporting agency that is keeping it on.
Yes. If they extend the line of credit to you, and you do not activate it, it will still show up on your credit report.
If a credit card is closed it cannot have a balance. Just because you have stopped using the ard you cannot declare the account closed. If you owe even one penny, the account is open and the credit card company can 'report a 30 day late'