04-01-2009 02:54 PM
04-01-2009 03:07 PM - edited 04-01-2009 03:09 PM
Is it within your states SOL? If this is fairly aged-at this point a paid charge off is going to cause more FICO damage, because it's going to show recent activity. You may have woken a 'sleeping giant' so to speak- they may turn it over to a collection agency of decide to file suit. It's up to you- do you feel a moral obligation to pay your debts? Sometimes you think your doing all the right things and it turns around to bite you- That happend to me when I disputed an old Crap! charge off... The thing now updates everymonth as charge off - while before I disputed it was showing OK for the past 3 years.
As far as sending a letter to the CRAs- they are going to report what SCANA tells them to.
04-01-2009 03:22 PM
04-01-2009 04:30 PM
Did you offer pay in full or a settlement amount?
What was the last reported/updated date?
While paying may not increase your score, paid vs unpaid looks much better to a future lender. Especially if you can explain why it went delinquent and explain that once you could you PIF.
09-28-2010 07:14 AM
I had something on my credit report for Scana for like $800 - one day it said charge off with a $0 balance. I emailed the customer service to see if I could get it removed since it would fall off in 2 or 3 years anyway. So I looked up an actual address and sent a GW letter to the head of the company. A week or two later I got a letter saying they would remove it.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.