FP Charge off showing past due. Advice needed.

[KKCHANCE2]

I too had the same issue. FP had my account listed as DOFD as 8/11, which I know is not true-should be much older like 2010 or maybe even 2009. I PIF the account w/FP because it was counting towards my UTIL on myfico, disputed w/CRA by providing them a copy of letter received from FP stating accout was PIF/Chargeoff, and they updated the reporting to $0, so now, I am not sure what to do other than GW.

[casmith1980]

GW, GW, GW

It looks like FP is going to be receiving a BUNCH of GW letters in about a week  

[thirtyshort]

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@dodgeball wrote:

I was in the same situation, I tried a PFD but there was no love. The tradeline was killing me it wasnt counted as a 30 or even a 60 day nothing just delequent. So I sucked it up and paid it. Nothing worse than equifax reporting you as delequent on a balance, as soon as it updated a few days ago my Ficos jumped by about 30 points. Well worth the $300 bucks IMO.

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Did you pay them or the outside CA?  I just called them now and they verified that they own the debt but refuse to take my money and want me to call the CA.  Honestly I'm worried that contacting the CA will cause them to report it.

[casmith1980]

if it were me, I'd mail them (FP) a check for the amount owed, and be done.  TRUST ME, they WILL cash it.  The CA they are referring to is going to add fees and such that you don't need to be bothered with. 

[thirtyshort]

I will probably just mail them the check.  I hope the CA does not pop up on my credit  when I do pay them.

[slund5499]

I agree. PIF the  account will help in utilization and will get the past due balance brought back to zero.

Fp did the same to me. opened in 2009, charged off in 2011. Reporting past due $373 in a chagred off status. Account notes state a profit/loss write off - sold or transfered to another lender. In this case Jefferson Capital.

For the same of argument, I decided to pay off the account directly to FP and by pass the collection agency altogether. I was informed via telephone that FP does not own the account and I would have to settle with Jefferson Capital.

I know better than to go the route the OC suggests. I figured by paying the account in full directly, I bypass the possibility of Jefferson Capital listing the collectiona ccount. I, also, assumed that I would have abetter chance of getting the CO status removed once they post paid in full with a zero balance.

Knowing FP, they will still list as a charge off....and that gives me ammunition for a dispute action.

Anyone care to crrect my thinking here?