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Some Advice Please!

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Anonymous
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Some Advice Please!

I have some charged off loans from like 5 years ago still reporting.  How bad do you all think the impact is if they keep reporting charged off?

Message 1 of 6
5 REPLIES 5
Anonymous
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Re: Some Advice Please!

Message 2 of 6
Anonymous
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Re: Some Advice Please!


@Anonymous wrote:

I have some charged off loans from like 5 years ago still reporting.  How bad do you all think the impact is if they keep reporting charged off?


Depends on whether they are updating periodically or not.

Message 3 of 6
Anonymous
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Re: Some Advice Please!

i posted an image.  it is updating ALL THE time

Message 4 of 6
Anonymous
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Re: Some Advice Please!


@Anonymous wrote:

i posted an image.  it is updating ALL THE time


Then they are doing maximum score damage. Settling them (if you can't get a PFD) will stop the updating and allow FICO to "age" them.

Message 5 of 6
Anonymous
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Re: Some Advice Please!

ok thank you

Message 6 of 6
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