topic Re: Charge Off Twice? in General Credit Topics

Charge Off Twice?

TryingVeryHard — Fri, 14 Dec 2007 05:05:46 GMT

Re: Charge Off Twice?

Anonymous — Fri, 14 Dec 2007 14:37:09 GMT

That is a good question, I've been wondering that myself.

But if I was going to take a stab at it, I think that is just more of an accounting cycle that they report to the billing department for tax purpose that this debt is owed and will be charged off during their billing cycles.

But that is just speculation.

Re: Charge Off Twice?

llecs — Fri, 14 Dec 2007 14:58:23 GMT

Ditto too. I have 24 consecutive CO references on an old First Premier Acct between 2002 to 2004.

Re: Charge Off Twice?

Anonymous — Fri, 14 Dec 2007 19:17:13 GMT

I have that one 2 of my items on my CR as well and it makes it look as if I just had it charged off again that month almost like you made a payment in there somewhere even when you didnt and I have some that were Charged off and then late the next month

Re: Charge Off Twice?

Anonymous — Fri, 14 Dec 2007 19:22:55 GMT

I think that is just for accounting purposes, but it looks like this account has been sold. what is the CA reporting?

Re: Charge Off Twice?

TryingVeryHard — Sat, 15 Dec 2007 03:07:55 GMT

CA is not reporting. They violated my rights and agreed not to report it and has paid me compensation. I cant tell the name of the CA because of the confidentiality clause.

I thanks MYFICO experts though. They helped me build up a case against these bastar*s~!

Re: Charge Off Twice?

Anonymous — Sat, 15 Dec 2007 04:13:19 GMT

I agree with you Boswd! Many people do not know that the CO doesn't mean anything as far as CRTP or SOL.