topic Re: Charge Off in General Credit Topics

Charge Off

TryingVeryHard — Sat, 08 Dec 2007 18:46:04 GMT

Can an OC report "collection/charge-off" month after month, or should they be able to report it only ONCE which is good for 7 yrs?

How is this charge-off affecting my credit score. This Credit card company sold my account to a collector, which agreed to be paid in exchange for deleted.

Thanks

Re: Charge Off

LuvsRetro — Sat, 08 Dec 2007 22:06:48 GMT

That is a good question to get an answer to.

Cap 1 has been reporting multiple charge offs for years to nearly everyone that defaults. Maybe someone should write a letter for clarification on that subject to the FTC. I think that's the department.

Maybe Barry has the info.

Check your myFico page: How a lender looks at you. Look for info that says how old the chargeoff is/happened.

Message Edited by teamfico on 12-08-2007 02:06 PM

Re: Charge Off

Anonymous — Sat, 08 Dec 2007 22:05:32 GMT

Hi Trying,

Is the ca for this Cap One Chargeoff Portfolio Recovery Associates?

Re: Charge Off

LuvsRetro — Sat, 08 Dec 2007 22:09:40 GMT

Trying: Sorry, it is in the "Understanding Your Score Section!!!

Message Edited by teamfico on 12-08-2007 02:09 PM