If an item is paid, can it still be marked as a charge-off?

[sharriel]

I have this on my CR: HSBC BANK 11/27/2005 $0 02/20/2013 CHARGE-OFF $300 The Balance is $0 but should it still have a charge-off status?

[cqdealer711]

yes . the item was still "charged-off" or "written" off.

It will now be a paid "charge off"

[sharriel]

Thanks! But should the status be changed to PAID instead of CHARGE-OFF?

[DaBears]

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@sharriel wrote:

Thanks! But should the status be changed to PAID instead of CHARGE-OFF?

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If it is paid the status should say Paid "Charge-Off" 

[cqdealer711]

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@sharriel wrote:

Thanks! But should the status be changed to PAID instead of CHARGE-OFF?

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yes it should reflect that its paid , if not , definately dispute it ASAP. If you have proof in the form of a letter or receipt you can even call the bureau and fax them the info to expedite the process.  A charge off , whether paid or not, is affecting your score the same.(except for the utilization on a CC charge off) So it behooves you to have it removed if you can.