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New Member
jasonad
Posts: 3
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
randyrhodes
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?
New Member
jasonad
Posts: 3
Registered: ‎02-06-2014
0

Re: charge off with past due balance

The SOL does not expire for another 7 years.

Senior Contributor
baller4life
Posts: 3,362
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.


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Established Contributor
fot1
Posts: 672
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.


Tu- 799... What I wouldn't give for one more point..
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Moderator
guiness56
Posts: 22,408
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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