New Member
Posts: 1
Registered: ‎09-27-2013

I got a question

I got a bad citi card I settled it for a lower amount how to get it off my credit as a charge off
Moderator Emeritus
Posts: 32,881
Registered: ‎08-04-2007

Re: I got a question

Welcome to the forums!

I'd suggest reading the following:

Common Abbreviations

Credit Scoring 101 - great for knowing what is in your credit score and to see how your score is impacted.

What Steps Do I Take - great for learning the repair process.

and Example letters - PFDs, GWs, DVs, etc.


Send a GW letter.

Posts: 12
Registered: ‎06-24-2013

Re: I got a question

Ugh!  I did the same thing with Citi...settled on a reduced amount and they promised to change the status from "Charge Off" to "Satisfied." 

That never happened.  Then, about a year later, the whole debt was off all three CRAs.  Weird.


Good luck with them.  They were tough,

Starting Score: 03/13 ESP-457 TU-503 EQ-505
Current Score: 09/13 ESP-740 TU 662 EQ-661
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Mega Contributor
Posts: 17,456
Registered: ‎03-19-2007

Re: I got a question

[ Edited ]

Prior reporting of a charge-off is their reporting of a business decision they made at that time.

The ultimate payment or non-payment of the debt does not negate their having taken that action, or its accuracy.

Thus, the charge-off can remain after the debt is satisified.

Changing the current status to paid is required, and updates the balance of debt now due, not the charge-off itslef.  You dont "pay a charge-off," you pay the debt that happened to have been charged-off.


The proper route would be to ask for their good-will deletion.

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