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I had a creditcard with Barclay that I let get sent to a collections agency due to me being irresponsible with the card. However, I settled with the CA by paying ~$1500 of the original $1800+ balance (before I found this site). Since it's been paid, the balance has updated to $0, but there's still the payment status of "Collection/charge off". Is there any way for me to get this changed to just "paid" and have the bad charge off comments removed? I'm trying to rebuild and I was told getting this fixed would improve my score.
Any advice?
You need to do a campaign of "good will" letters. Read about them on the board. Basically ask Barclay to remove the negative information (or the tradeline altogether) as an act of good will and acknowledgement of the mistake of getting it to charge off. I'm in the same boat with Wells Fargo Dealer Services. It's by no means a guarantee but it's the best chance we've got until it falls off.
Curious, how long ago was the chargeoff and how long ago was it paid?
I'm not sure 100% which item to look for. I'm still relatively new to credit terms and am using CK as a baseline reference. According to CK, the account was closed in Feb 2013, DOLP was June 2014, and then it was last reported June 2015 (when I assume it was sold to the CA).
My last payment with the CA was May 2016, where I paid the last of my balance.
Also, thanks for the response!