Charge offs advice ....open or closes

[Anonymous]

So I have some charge offs that are settled for less.....

On one credit Bureau they show OPEN but otherwise correct. The other credit bureaus show closed.

Could this be affecting my score being open instead of closed......or could it be helping my score by reporting no Balance but open??

[Revelate]

If that tradeline is still updating as an open CO, you want it closed. 

If it's just hanging out at $0 and not updating, YMMV.  Generally with any CO's you want them paid / closed / $0 AND not updating the bureau any longer... they suck.

[Anonymous]

Even my paid, closed charge off are updating every month......is that the same as reporting every month?

[sjt]

Your paid or settled CO should not be reporting monthly. How long has it been since your settled or paid them. Who are the creditors and did you get a confirmation of paid/settled from them?

[Anonymous]

It's been about 7 months.....paid cap one

[sjt]

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@Anonymous wrote:
Even my paid, closed charge off are updating every month......is that the same as reporting every month?

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It should have stopped reporting when it was paid. Who is the creditor?