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How to get rid of charge off on TU?

Contributor

Re: How to get rid of charge off on TU?

Only the FTC can sue under Section 611. So they're not required to delete? I've coupled 623 in my complaint alleging that if they do not provide a method of verification then I regard the TL as unverified.

Message 11 of 39
Contributor

Re: How to get rid of charge off on TU?

TU is not being cooperative. Will MOV work to get this off?

Message 12 of 39
Contributor

Re: How to get rid of charge off on TU?

I'm going to try and push back on them.

Message 13 of 39
Contributor

Re: How to get rid of charge off on TU?

Anyone have any luck?

Message 14 of 39
Highlighted
Epic Contributor

Re: How to get rid of charge off on TU?

Message 15 of 39
Contributor

Re: How to get rid of charge off on TU?

It's a charge off and can't be paid off, therefore no..

Message 16 of 39
Epic Contributor

Re: How to get rid of charge off on TU?


schrute wrote:

It's a charge off and can't be paid off, therefore no..


What do you mean by that?

Message 17 of 39
Senior Contributor

Re: How to get rid of charge off on TU?

Just because it's a charge off doesn't mean it's not a valid debt. Charge Off means the OC wrote it off at the end of the yr for tax purposes. The debt will always still be owed to who ever picks up the debt.

Message 18 of 39
Contributor

Re: How to get rid of charge off on TU?

I mean, how does one pay it? Doesn't the company post the CO if they can't collect on it and sell it to a JDB?

Message 19 of 39
Epic Contributor

Re: How to get rid of charge off on TU?

No.  A CO is only an accounting term.  It doesn't mean the money isn't still owed.  If you owed them the money you will always owe them the money until it is paid.  Not all companies sell their COd accounts to JDB, some maintain them themselves.

 

Can't collect means the borrower didn't pay,  not that it is uncollectable by any other term.

 

 

 

 

Message 20 of 39