01-21-2013 09:30 AM
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?
01-21-2013 09:31 AM
Call them and see if they will settle for a lesser amount.
The balance is definitely affecting your utilization which is affecting your score.
01-22-2013 06:10 PM
i thought the rule is never call always do in writing.....
01-22-2013 07:50 PM
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.
01-22-2013 08:13 PM
Shogun, is it being reported correctly in current revolving accounts but in comments says chargeoff/collection. Shouldn't it be in collection?
01-23-2013 01:12 AM
Actually no, it shouldn't. It is being reported by the OC so it would show in the revolving accounts.
01-23-2013 05:04 AM
01-24-2013 10:58 AM
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.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.