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Member
Posts: 5
Registered: ‎02-06-2014
0

charge off with past due balance

I have a repo that is still within the SOL.  I would like to offer the OC a PFD but I need to have the full amount available before I call them for a worst case senario.  This is where I am confused, the account lists a balance of $2566 with a past due amount of $5465.  The past due amount increases every month. Should I have the $2566 which is ltsted on my TU reports as the original charge off or the increasing amount of the past due ($5465)?

Established Contributor
Posts: 587
Registered: ‎12-18-2013
0

Re: charge off with past due balance

Looks like they've added interest, late fees, etc. How much longer til you're past the SOL?
Member
Posts: 5
Registered: ‎02-06-2014
0

Re: charge off with past due balance

The SOL does not expire for another 7 years.

Super Contributor
Posts: 6,169
Registered: ‎09-13-2013
0

Re: charge off with past due balance

I'm in the same predicament. My sol ends December. Not going to wake that giant till after then.


Established Contributor
Posts: 710
Registered: ‎01-10-2011
0

Re: charge off with past due balance

It is kinda a poker game of sorts. The more money you offer the more likely they will accept a pfd. Best bet would be to research the company and see if others have had pfd success and see what amounts  were accepted.

Freedom, Mariott ,CSP, SM, QS, BCE,, PSECU, DC Walmart. Maybe someday I will do that cool pic signature thing..
Epic Contributor
Posts: 22,406
Registered: ‎01-17-2008
0

Re: charge off with past due balance

It would be the larger amount.  Even though they only CO'd one amount, with all the fees and charges it has grown.

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