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Applied card bank chargeoff

Regular Contributor

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 681
Ex your guess is as goodas mine!

Nfcu Cash Rewards 15000, Nfcu nRewards Mc 15000, Walmart 600, Target 400, VS 650,Capital one 3750, Us Bank 300, Discover 4500,Citi DP 1500, Chase Freedom 2000. And I'm done...... no more cards just going to tend my garden
7 REPLIES
Valued Contributor

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.

Scores: about 700 across the board
Total CL: $275k
Regular Contributor

Re: Applied card bank chargeoff

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



Eq 675
TU 681
Ex your guess is as goodas mine!

Nfcu Cash Rewards 15000, Nfcu nRewards Mc 15000, Walmart 600, Target 400, VS 650,Capital one 3750, Us Bank 300, Discover 4500,Citi DP 1500, Chase Freedom 2000. And I'm done...... no more cards just going to tend my garden
Moderator Emeritus

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
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!

June 2017 update: All scores over 820, just pure gardening now.
Regular Contributor

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 681
Ex your guess is as goodas mine!

Nfcu Cash Rewards 15000, Nfcu nRewards Mc 15000, Walmart 600, Target 400, VS 650,Capital one 3750, Us Bank 300, Discover 4500,Citi DP 1500, Chase Freedom 2000. And I'm done...... no more cards just going to tend my garden
Moderator Emeritus

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!

June 2017 update: All scores over 820, just pure gardening now.
Member

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

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.

Chap7 discharge 7/29/15
Fico 11/20: TR:595(high util)
Cap1(Plat+QS) 3500+2500/Merrick 1000/Express 1100.