Hello--
I had a Wells Fargo school loan that was charged off back in 2003 (dofd=5/2003). It appears on my report as follows:
Account Name:
WELLS FARGO BANK Account Number: 322XXXX Acct Type: Education Loan Acct Status: Closed Monthly Payment: Date Open: 9/1/2002 Balance: $2,525.00 Terms: 61 Months High Balance: Limit: Past Due: Payment Status: Charge-off Comments: Transferred to another lender or claim purchased
[Experian] Purchased by a another lender.
Account seriously past due date/account assigned to attorney, collection agency, or credit grantor's internal collection department.
Unpaid balance reported as a loss by the credit grantor.
I recently settled this account with a lawyer, and it was never reported by any CA on my CR. The problem is this shows a balance owed, however since it was charged off, I think it should be $0. Am I correct, and does anyone have any advice as to what I should do about this? My Equifax & Transunion are accurate, they show CO w/a $0 balance. Thanks in advance!
