Macys charge off

[juniornj23]

5 years agor macys charge off and still killing me

Any help

[RobertEG]

Is the debt legit?

Are there any mitigating reasons why the debt remained unpaid for the extended period that led to the charge-off?

Has the debt now been paid?

[juniornj23]

Yes I know I own them why so long well I just notice today because a denied cc

[RobertEG]

The usual procedure for dealing with derogs reported on unpaid debts is to make the creditor an pay for deletion offer, where you offer to pay the debt in exchange for their agreement to delete derogs that have been reported on the account.

[juniornj23]

macys dont do pfd

[RonM21]

The only other option is to pay in full, then send GW deletion letters. Unfortunately, other then that, there isn't much you can do.

[RobertEG]

The purpose of credti reporting is to provide others with accurate and complete credit histories that will also support compartive credit scoring.

The subjective removal of accurate information results in incomplete history information.

Credit scoring is based on a comparison of consumers with those of similar payment histories, and thus removal of accurate information skews scoring for all.

The statutory requriement to exclude deorgs after a set period, usually 7 years, of course trumps all.

Until that time, subjective deletion of accurste information is not viewed by the CRAs as in the interest of the system.

[Anonymous]

Make sure it's reporting ALL information correctly. I found that after they did their systems upgrade, mine started reporting things wrong. I had to call the EO, dispute and file a complaint. It's been fixed on the store side but their Amex side is still wrong so I'm still fighting that.

Yes you do owe the debt but make sure your reports are right too. At 5 years it shouldn't be hurting your scores as bad as it first did.

[juniornj23]

What can i do i just got approve for 5k amex macys can i pass the 500 charger off to my new macys card and get it remove

[Anonymous]

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@juniornj23 wrote:
What can i do i just got approve for 5k amex macys can i pass the 500 charger off to my new macys card and get it remove

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Things don't really work that way.  You may be able to pay the charge off with your Amex (I have no idea if that is possible), but Macy's is not going to say "ok, Amex, you can have the money now...we don't want it anymore". And it doesn't just go away after you pay it.  It will just update to paid.