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Posts: 80
Registered: ‎06-12-2012

Charged off Credit Card w/balance question

I have a charged off credit card  and my TransUnion report shows its estimated time to be removed as 7/12

Should I wait until August to see if its been removed and then try to settle the debt once its removed? Or should I pay it now and still wait for it to drop off?

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Valued Contributor
Posts: 1,206
Registered: ‎02-19-2012

Re: Charged off Credit Card w/balance question

It is out of SOL. To pay if you owe is up to you> I wouldnt wait until August.  Call in 7 days to have removed. Why wait?

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Valued Contributor
Posts: 1,245
Registered: ‎07-18-2009

Re: Charged off Credit Card w/balance question

Whether you pay or not it won't affect when it drops off. Sounds like you are good to go shortly.

I have reestablished credit over the last couple years
so my moniker is, well, rather out of date.

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Epic Contributor
Posts: 22,505
Registered: ‎03-19-2007

Re: Charged off Credit Card w/balance question

Regardless of CR exclusion, there is still good reason to satisfy an old, unpaid debt.

CR exlcusion removes the normal access to the information by pull of your CR, but does not ensure that others wont be able to discover the unpaid debt.

Less likely with CR exclusion, but it is still out there and owed.

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