cancel
Showing results for 
Search instead for 
Did you mean: 

Charge off with balance?

tag
blb2397
Valued Member

Charge off with balance?

If account is charged off and sold to a collection agency shouldn't the original creditor show zero balance?

I have 8 chargeoffs Smiley Sad .

4 zero balance

4 with balance.

If so can this be disputed?

Thanks

Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: Charge off with balance?

If its sold to JDB it should report as -0- and then JDB starts reporting but if just a collection agency then usually oc. reports it. 

Message 2 of 3
RobertEG
Legendary Contributor

Re: Charge off with balance?

Yes.

However, be sure that it was actually sold, and not just assigned to the debt collector.

 

Assigned collections will show a balance under both the OC account and the collection.

Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.