Posts Tagged ‘ charge off ’

Collection account and charged off account for same debt in credit report

Dear Experian, If an account is "charged off" and sold to collection agency, how can both accounts be used against you? My credit report shows two negative accounts. I owed $1,900, but now one account shows the original amount owed and a separate account shows $2,300 owed to a collection agency. Will both accounts stay on my report for seven years? The original account was four years ago, but the collection is only three months old. - VNW[ READ MORE ]

Paying off account will not restart the seven year time frame

Dear Experian, If a charged off credit card is about to drop off and I pay it off, can the creditor restart the seven year time frame on my report? Thank you. - PYR[ READ MORE ]

Contacting collection agency won’t add negative entry

Dear Experian, I have an unpaid charge-off that I want to pay off. I've contacted the creditor showing on my current credit report but they advised me that they sold the account in 2011. The "sold to" company has never contacted me for re-payment. How can I go about paying off this debt and stopping the monthly reporting to the credit agencies? I'm afraid if I contact the "sold to" company there will be another negative entry on my report, in addition to the original creditor. Thank you. - BLD[ READ MORE ]

Lender may check credit report after car is repossessed

Dear Experian, Why is my old creditor pulling my credit report? I had a car that I could not afford after being laid off. I ended up giving the car back and my account was charged off. I have no open accounts with them, so why are they pulling my credit report one year later? - CLU [ READ MORE ]

Paying off closed or charged off accounts

Dear Experian, Does paying off a closed or charged off account raise your credit scores? -TYC[ READ MORE ]

Ensuring charges sent to collection in error are not in credit report

Dear Experian, I disputed a charge off on my credit report and have a letter from the company stating the "charges were sent to collections in error," how can I get this letter to you? - KLB[ READ MORE ]

Defining “charge off”

Dear Experian, What is a "charge off," and what does it mean? - TPA[ READ MORE ]

“Charged off” debt must still be repaid

Dear Experian, What does it mean when Account Type/Status says "Charge Off"? Does this mean I no longer owe this amount? - ERS[ READ MORE ]