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Old Charge Off accounts/ Who to pay??

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Bermudalover
Established Member

Old Charge Off accounts/ Who to pay??

I have a couple of old charge off accounts; Barclays bank and Capital One.  I have called both of them to try and settle/PFD but they no longer have the debt but have turned them over (or sold them) to collections.  I haven't heard from either collection agency for payment. 

 

I would really like to get these two negs removed from my credit reports, but not sure what to do.  Should i contact the collection agencies and pay, although there is no collection activity on my credit reports.  Any advise on how to get Barclays and Cap One to delete from my credit reports?

 

Thank you for any advise!!!

Message 1 of 9
8 REPLIES 8
myjourney
Super Contributor

Re: Old Charge Off accounts/ Who to pay??

Contact the CA's and offer PFD's 

The CA's will show on your CR's along with address and phone in some cases 

Good luck 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 2 of 9
RobertEG
Legendary Contributor

Re: Old Charge Off accounts/ Who to pay??

Until the new owner reports or sends dunning notice, you are in limbo.

You need their name and adress to either send a DV or make offers to negotiate a settlement, which could include their agreement not to report to the CRAs.

 

Your source now would be to obtain that info from the OC.

Message 3 of 9
Bermudalover
Established Member

Re: Old Charge Off accounts/ Who to pay??

Thank you!  However, neither of the collection agencies are reporting on my credit report.  Only the original creditors; Barclays and Cap One.  I'd really like Barclays and Cap One removed from my credit report, but they wont accept payment (PFD) since they no longer hold the debt.

 

Message 4 of 9
Bermudalover
Established Member

Re: Old Charge Off accounts/ Who to pay??

Thank you!  I can get their names from the original creditors and I'm happy to settle/pay, but then how would i go about getting Barclays and Cap One to delete?  Goodwill letter?  Thanks again!

Message 5 of 9
myjourney
Super Contributor

Re: Old Charge Off accounts/ Who to pay??

Forum trick 

Under the message you wish to reply to 

Click reply 

Top right hand corner 

Click quote 

Enter response 

Smiley Wink

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 6 of 9
polno1234
Contributor

Re: Old Charge Off accounts/ Who to pay??

the only thing you can do to get the oc accounts off your cr is to wait the 7 1/2 years until they must be excluded. you can try to gw them in the meantime.

Current MERRICK SECURED-$200 EMBLEM MC-$250 EXPRESS NEXT-$350
In the garden till 10/9/14
Fico 8 start 02/15/13 488
Current TU Fico 8 641, EX 734 EQ 740
Goal 650 by 02/15/15
Message 7 of 9
Bermudalover
Established Member

Re: Old Charge Off accounts/ Who to pay??


@myjourney wrote:

Forum trick 

Under the message you wish to reply to 

Click reply 

Top right hand corner 

Click quote 

Enter response 

Smiley Wink


Thanks!  Smiley Happy

Message 8 of 9
myjourney
Super Contributor

Re: Old Charge Off accounts/ Who to pay??


@Bermudalover wrote:

@myjourney wrote:

Forum trick 

Under the message you wish to reply to 

Click reply 

Top right hand corner 

Click quote 

Enter response 

Smiley Wink


Thanks!  Smiley Happy


Glad to help 

Good luck

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 9 of 9
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