HELP!!!! Amex report chage off/bad debt on report (mistake)

[Want-a-better-FICO]

Hello FICO family,

I was checking my report today on EQ and discovered AMEX reported me as CHARGE OFF/ BAD DEBT status on my report. The problem is after AMEX closed my accounts last year they offered me an agreement to pay of the $1,000 I owed on the bill. I was never late when the card was open and have never been late on the agreement either. The agreement was $70 a month which I met and sometimes paid twice in one month. I NEVER received anything stating that "if the bill is not paid in full that it will be considered a charge off" all they stated was if the bill wasn't paid in full by the May 2010 I will start accruing interest on the payments.

I talked to a representative today and he stated if I pay the bill in full they could change the status to PIF. But I want the account to state "PAID AS AGREED". WHAT SHOULD I DO? I can pay the bill in full today, but I'm scared they won't report me as Paid as agreed. Has anybody encountered this and what is my best course of action? I don't want to settle for just a PIF status on my report.

HELP IS NEEDED

[Jazzzy]

Will "paid in full" score lower than "paid as agreed"?

Just asking....I don't know.

[DI]

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@LynetteM wrote:

Will "paid in full" score lower than "paid as agreed"?

Just asking....I don't know.

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Yes, the score would be lower if it says "paid in full".  Especially if a negative history continues to report. 

[cd73]

I can tell you that AMEX is one of the most unforgiving companies out there. I have fought an AMEX battle for many years now and finally after 18 years, my "default"green card is paid in full for no less than the full am out owed on it. I have made back to good graces with AMEX and now have 3 separate cards with them, but it did take 18 years. While many knock them, it is my preferred card. Case and point, even if they made a deal with you, they can report as they feel is necessary. That's why these credit counseling things don't work, they just mess peoples credit up.........

[-RED]

AMEX is no joke!

I have 2  o  l  d  charge-off AMEX Corp-Cards, and they are long gone, and I am no longer my responsible, and yet they pull AR's on me like there is no tomorrow.

A few Sunday's ago, they pulled 3 or 4 AR's on me the same day.

Like some case-study party going on. LOL

(the myfico server is killing me over here!)

[Want-a-better-FICO]

I just wanted to give you guys an update on my AMEX green card account. They did reinstate my account yesterday But now I wonder how this goes on the credit report. My account was in a payment plan for 5 months after AMEX closed my account. My question is are they going to report all the payments for the five months or just begin the reporting from April 2010?