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Will AMEX report $0 Balance on Paid Chargeoff?

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SoshiHomie84
New Contributor

Will AMEX report $0 Balance on Paid Chargeoff?

I paid off a $1600 bill with Amex that was 5 years old a month ago. It's still showing a balance of $1600 at all 3 bureaus. 

 

When should I expect this to reprort zero? According to this site, that amount still counts against my revolving credit line which chould be $150/4500 UTI, but with this reporting it would be $1750/4500, thus still affecting my scores a bit. 

 

Amex let me back in yesterday with a PRG, so I don't want to dispute the balance. any idea how long this is gonna take?

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1 REPLY 1
myjourney
Super Contributor

Re: Will AMEX report $0 Balance on Paid Chargeoff?

30-60 days is the norm to update the CB's 

Edit congrats on the PRG

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?
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