Reply
Contributor
Posts: 109
Registered: ‎09-26-2012
0

Re: Charge off Question


webhopper wrote:
Before you move forward with a settlement call and ask if they have a rehabilitation program which would remove negative reporting. if they do not; ask them to settle. I will flag your post and ask moderator's to move to the student loan forum; those guys know more about your options than I do. I assummed this was a credit card charge off..

Already looked into the rehab program and it is not offered for Private Student Loans (otherwise that would have been the best option). Ok my apologies, I posted it on here because I usually get everything answered here. Thanks though.

Contributor
Posts: 147
Registered: ‎04-11-2014
0

Re: Charge off Question

Hi I have a question along these same lines. About 6 years ago, I had a CO mark on a student loan and was "transferred/sold" to another lender. I still owe on that loan, but it is with another lender now with whom I am in good standing.

 

Can I request that CO be taken off my CR from the original lender?  


Starting Score: 521EX
Current Score: ? EX 719 EQ 739 TU
Goal Score: 720+

Community Leader<br> Valued Contributor</br>
Community Leader
Valued Contributor
Posts: 1,286
Registered: ‎06-09-2008
0

Re: Charge off Question


ethan17debttackler wrote:

Hi I have a question along these same lines. About 6 years ago, I had a CO mark on a student loan and was "transferred/sold" to another lender. I still owe on that loan, but it is with another lender now with whom I am in good standing.

 

Can I request that CO be taken off my CR from the original lender?  


Is there anything inaccurate about their reporting?  Are they still updating a negative status?  Reporting a balance owed?  If so, you should contact them and move to a dispute with the CRAs if needed to correct anything that isn't right.

 

If they are reporting everything correctly, then your best hope is to either wait for it to age off or write goodwill letters.

Contributor
Posts: 147
Registered: ‎04-11-2014
0

Re: Charge off Question

It's pretty accurate, actually. May have to resort to a GW letter....or just wait. Thanks for advice.


Starting Score: 521EX
Current Score: ? EX 719 EQ 739 TU
Goal Score: 720+

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.