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New Member
tmonique
Posts: 3
Registered: ‎07-17-2010
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Chase Account Charged-Off While Current

[ Edited ]

I had a Chase account a couple of years ago that shows on my credit report as a charge-off.  However, the credit report also shows that all payments were current each month prior to the charge-off and I also have bank statements that show payments were being made.  How can an account become a charge-off with no reported late payments?  And should I contact Chase prior to filing a dispute with the credit agengies?

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usmc58555
Posts: 1,673
Registered: ‎02-18-2009
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Re: Chase Account Charged-Off While Current

Was it charged off?

 

Were you current?

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New Member
tmonique
Posts: 3
Registered: ‎07-17-2010
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Re: Chase Account Charged-Off While Current

Yes, it was charged-off.  And yes, I was definitely current. 

Valued Contributor
usmc58555
Posts: 1,673
Registered: ‎02-18-2009
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Re: Chase Account Charged-Off While Current

Ok, so why did Chase charge off a current account? I am confused


Was it in default but you paid back to an official/unofficial payment program? And how long ago was this?

Signature line begins:
Credit is not a right, but a business transaction, one that takes into account risk, and charges accordingly based on that risk.
Your credit score is an aspect of your credit profile. Important? yes but just an aspect. Contributing/supplemental information determines the finer point of the deal. Ask any question, respect me not to get mad if the answer is not the affirmation you are looking for,
Valued Contributor
usmc58555
Posts: 1,673
Registered: ‎02-18-2009
0

Re: Chase Account Charged-Off While Current

Lets try it this way:

 


tmonique wrote:

I had a Chase account a couple of years ago that shows on my credit report as a charge-off (Was it a charge off).  However, the credit report also shows that all payments were current each month prior to the charge-off and I also have bank statements that show payments were being made(were they they corect payments in accordance with your cardholder agreement, with your account never being past due, in default, charged off previously, handed to collections or having any adverse action done to it?).  How can an account become a charge-off with no reported late payments?  (if the payments were not being made to the card holder agreement) And should I contact Chase prior to filing a dispute with the credit agengies?


 

Signature line begins:
Credit is not a right, but a business transaction, one that takes into account risk, and charges accordingly based on that risk.
Your credit score is an aspect of your credit profile. Important? yes but just an aspect. Contributing/supplemental information determines the finer point of the deal. Ask any question, respect me not to get mad if the answer is not the affirmation you are looking for,
New Member
tmonique
Posts: 3
Registered: ‎07-17-2010
0

Re: Chase Account Charged-Off While Current

I'm just as confused as you are.

 

The payments were being made in accordance with the cardholder agreement.  I paid the minimum amount due every, single month.  And I was nowhere near my credit limit, so I'm baffled.

 

If the payments were not  made as specified in the cardholder agreement, would it not show on my credit report that I had overdue payments?


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