You can PFD an account when it is charged off or closed, what you may be looking for if I'm not mistaken is Goodwill or "GW". You can request a GW to remove the lates, or if the account is closed, offer to PIF in exchange for the removal of the lates, or the entire TL if it won't hurt your AAoA.
Starting Score: 532/564 10/21/12
Current Score: TU: 594 EQ: 628 EX: 617 BoA Credit Pull Denial Letter 2/20/2013
Goal Score: 700Take the FICO Fitness Challenge
