Rebuilding Your Credit

[Mishwatson]

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? 

[madmann26]

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

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

[Mishwatson]

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

[Shogun]

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.

[Mishwatson]

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

[Shogun]

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

[m88tow]

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.

[westo12]

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.