Old charge off showing up on my report with an open balance now?
I have an old charge off from 2008 that recently changed to having an open balance by a (factoring company account debt buyer. I saw this when i got an alert from my equifax account. from what i understand once it is charged off and the balance would be zero. How can this company change it to an open balance of which is affecting my credit to debt ratio, and is what they are doing legal? Please advise. thanks