@chbartel wrote:
Some questions on how statuses should show up, and what will affect my score? Most everything thats reported on a TL affects your score in one way or another.
I'm in credit rebuild process and getting collection accounts paid, settled, and getting rid of inacruicies on my credit report. There is ways some items are reported but unsure how that is affecting things and whether I should be disputing them? You only want to launch a dispute if something is reporting in error. I've not seen a lot of info after reading quite a lot on this and other boards, so I hope I am not reposting a question already asked.
1)I just paid a Citi card for less than owed. Balance shows as 0 now on my credit reports, but status on equifax says "charge off". Should I be disputing this or does that even affect my credit score? Once an account becomes a CO its always a CO even if you settle and pay it off. A CO does affect your score in a negative way, the older it looks to Fico the less it hurts.
2)CApital One credit card shows a balance owed, shows status of charge-off, but this account is actually with an attorney now who has a judgement for amount owed. From what I have read, doesn't the original creditor need to mark this as a 0 balance and mark as closed(currently shows under condition as "open") since it shows as a judgement now with a balance on that judgement. They have told me they can't talk to me and I have to talk with the attorney to get settled now. On the judgment, when you make your offer to settle you want to ask that it be vacated once its been paid, if they wont do it see if you can file a motion to vacate on grounds its been paid yourself, you can look up the reasons allowed for filing motion to vacate in your states codified laws that control the civil court system.
