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agforfree5 wrote:

Simple question.. I guess I am just confused --

 

How can I get a CO removed / updated on the credit report ? No Collections Reporting. Just the original lender. I am willing to make a lump-sum payment. Not paid yet.

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This would be better asnswered over in the rebuilding your credit forum.

 

How old is the debt?

 

This will probably end up being moved to the rebuilding forum... however; my experience is that you can write a letter requesting a settlement. At that time they will either accept or deny or counter offer. You can also offer a payment for deletion of the entire tradeline from your report. Again; the first step is to make contact with the creditor.

LS2982 -

 

The DOFD on this debt was April 2010.

 

Webhopper -

 

So it is not with collections yet but I am worried that they may be in the process of sending it to them.

So hypothetically -- If it does go to collections,  do I still make the PFD arraignment with the Original lender or would I have to do it with Collections now? Who would be the one with the authority the remove the CHARGE OFF that is being reported currently by AES?

You contact the original lender. Don't let it go to collections. Call them now. Don't wait on this. Who is the lender?

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agforfree5 wrote:

LS2982 -

 

The DOFD on this debt was April 2010.

 

Webhopper -

 

So it is not with collections yet but I am worried that they may be in the process of sending it to them.

So hypothetically -- If it does go to collections,  do I still make the PFD arraignment with the Original lender or would I have to do it with Collections now? Who would be the one with the authority the remove the CHARGE OFF that is being reported currently by AES?

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Sorry, to clarify - Charge off that was reported by AES in 2010 not Currently

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webhopper wrote:
You contact the original lender. Don't let it go to collections. Call them now. Don't wait on this. Who is the lender?

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Citizens Bank and AES handled the private loan.

Is this a private student loan?

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webhopper wrote:
Is this a private student loan?

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Correct. I have the Lump-sum $ that needs to be paid. I just want to make sure I am paying to have the CO removed.

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..