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Regular Contributor
Mish0817
Posts: 160
Registered: ‎12-02-2012

Applied card bank chargeoff

Hi guys I have an applied card charge off for 2000. Still owned by applied. However on my credit reports it is listed in current accounts so I think it hurts n my score and utilization more.   Can I dispute how its being reported, shouldn't it be a collection?  I cant dv cause its the Oc... Suggestions? 



Eq 675
TU 661
Ex your guess is as goodas mine!

Nfcu Cash Rewards 5000, Nfcu nRewards Mc 2500, Walmart 600, Target 200, VS 350,Capital one 500,Capital One Secured 551, Us Bank Secured 300 All less than 8 months old!
Valued Contributor
madmann26
Posts: 1,401
Registered: ‎08-30-2012

Re: Applied card bank chargeoff

Call them and see if they will settle for a lesser amount.

 

The balance is definitely affecting your utilization which is affecting your score.


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Regular Contributor
Mish0817
Posts: 160
Registered: ‎12-02-2012

Re: Applied card bank chargeoff

i thought the rule is never call always do in writing.....



Eq 675
TU 661
Ex your guess is as goodas mine!

Nfcu Cash Rewards 5000, Nfcu nRewards Mc 2500, Walmart 600, Target 200, VS 350,Capital one 500,Capital One Secured 551, Us Bank Secured 300 All less than 8 months old!
Moderator
Shogun
Posts: 12,872
Registered: ‎04-15-2011

Re: Applied card bank chargeoff

I prefer to start with mail, I just like the paper trail.  However, I've used social engineering myself to get thing cleaned up.  Sometimes actually talking to them does work.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
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Current scores after adding $81K in CLs and 2 new cars since July 2013
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Regular Contributor
Mish0817
Posts: 160
Registered: ‎12-02-2012

Re: Applied card bank chargeoff... Shogun??

Shogun, is it being reported correctly in current revolving accounts but in comments says chargeoff/collection. Shouldn't it be in collection? 



Eq 675
TU 661
Ex your guess is as goodas mine!

Nfcu Cash Rewards 5000, Nfcu nRewards Mc 2500, Walmart 600, Target 200, VS 350,Capital one 500,Capital One Secured 551, Us Bank Secured 300 All less than 8 months old!
Moderator
Shogun
Posts: 12,872
Registered: ‎04-15-2011

Re: Applied card bank chargeoff... Shogun??

Actually no, it shouldn't.  It is being reported by the OC so it would show in the revolving accounts.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Member
m88tow
Posts: 12
Registered: ‎04-13-2012

Re: Applied card bank chargeoff

Applied bank has a program called clear your credit or something along those lines. If you call them and ask them about it they will accept payment in full for trade line deletion. This process takes about 60 days or so before it is removed from your credit reports but in my opinion it is worth it. You satisfy your old debt and get it removed, it's a win win for both parties.
Established Contributor
westo12
Posts: 578
Registered: ‎07-20-2008

Re: Applied card bank chargeoff

I was able to get Applied Bank to remove my paid charge off awhile back.  Not sure if they will allow you to settle and still have removed, wouldn't hurt to call and ask.

2014 Starting-618, current TU614/EX653/EQ600 (WalmTU 6/3,Prosper, CLI decline ltr) / Ending Goal score: 720 - 25 pos TLs / Baddies: 1 unpd $312 med CA, 2/30 day auto lates almost 2yrs old /Install Bal/Lim: 19238/28512 | Revolving Bal/Lim: 12570/21824=61%util.

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