Contributor
agforfree5
Posts: 109
Registered: ‎09-26-2012
Charge off Question

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.

Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
Re: Charge off Question

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.


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

 

How old is the debt?

 




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webhopper
Posts: 7,230
Registered: ‎09-16-2011
Re: Charge off Question
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.

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Contributor
agforfree5
Posts: 109
Registered: ‎09-26-2012
Re: Charge off Question

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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webhopper
Posts: 7,230
Registered: ‎09-16-2011
Re: Charge off Question
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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Contributor
agforfree5
Posts: 109
Registered: ‎09-26-2012
Re: Charge off Question

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?


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

Contributor
agforfree5
Posts: 109
Registered: ‎09-26-2012
Re: Charge off Question

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?

Citizens Bank and AES handled the private loan.

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webhopper
Posts: 7,230
Registered: ‎09-16-2011
Re: Charge off Question
Is this a private student loan?

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agforfree5
Posts: 109
Registered: ‎09-26-2012
Re: Charge off Question

webhopper wrote:
Is this a private student loan?

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.

Moderator Emeritus
webhopper
Posts: 7,230
Registered: ‎09-16-2011
Re: Charge off Question
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..

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