Partially paying a charge-off

[Ravensfan2001]

My husband has a $299 charge-off with a credit union checking account. His EQ report still shows a balance, and a CA is reporting it as well.

I have a savings account, at the same credit union, with a $25 balance. I don't use this account and want to close it. I want to write a letter to the credit union asking them to apply the $25 to his balance. Yay or nay? His EQ shows DoFD as 9/2011 with the credit union and 09/2008 with the CA. I'm pretty sure the 09/2011 date is incorrect.

As for the CA, he has numerous medical collections with them, and we don't have the funds for a PFD yet. No DV done, I'm sure the debt is his and the amount sounds close.

[guiness56]

I don't see why they wouldn't other than you aren't on his account and they may not be able to.

[Ravensfan2001]

Would making a payment reset the SOL? I don't want to open up a new can of worms....

[guiness56]

It could.  What state are you in?

[Ravensfan2001]

Virginia

[guiness56]

Virginia is one of 18 states that making a payment will not extend or restart the SOL.  Only a written promise to pay will do that.

[Ravensfan2001]

Whew! Thanks for the info, guiness. You're awesome.

[RobertEG]

I might think twice about closing the checking account.

If and when the charged-off debt is repaid, its earlier deletion will require a request for their GW.

Having severed postive business with them is not likely to promote incentive to grant GW. 

[guiness56]

It's her savings account, not his. And it is in good standing.   He has a defaulted checking account.