GW LETTER FOR CHARGE-OFF?

[Anonymous]

I had a collection for $10 for a bank account I opened and never ended up using and forgot about. I still had a balance of $10 and disputed through TU and they marked it as a charge-off. It's still on my TU report. If I write a GW letter, does anyone think my chances of getting it removed are good or no?

[guiness56]

Did you pay it?

If not I would do a PFD.

[Anonymous]

I did not pay it. After dispute, the balance is on EQ is $0 and it says closed. On TU, it says balance is $10, but it's closed and nothing is past due? And on TU, its not going towards my derogatory accounts.

[guiness56]

You can always try.  All they can say is no.  I'm just shocked they CO'd $10.

[Leadberry]

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@guiness56 wrote:

You can always try.  All they can say is no.  I'm just shocked they CO'd $10.

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+1

I would offer $10 for a deletion any day.

[RobertEG]

If they have reported a $0 balance to one CRA, that is an indication that they have most likely sold the debt.  Hard to believe that any debt collector would be interested in pursuing $10!  If sold, you have no debt upon which to base a PFD offer.

A charge-off occurs after they have reached the business decision that you are not likely to pay, and thus the debt has become uncollectible.

That usually does not foster a favorable atmosphere of good-will.  However, give it a shot!