topic Re: Re-Opening a Charged Off CC?? in General Credit Topics

Re-Opening a Charged Off CC??

doedoe — Fri, 18 Apr 2008 19:25:02 GMT

Hello All!

Is it possible to have a CCC re-open a charged off CC?

The card is a Cortrust.

Opened in 12/2002

Closed in 06/2003

Paid 02/2003

Remark: Purchased by another lender.

I guess they sold it to Asset but when I disputed Asset they removed it immediately. Cortrust is the only Neg. I have left. What could I do?

Thanks!

Re: Re-Opening a Charged Off CC??

doedoe — Fri, 18 Apr 2008 22:49:38 GMT

Anyone?

Re: Re-Opening a Charged Off CC??

Anonymous — Fri, 18 Apr 2008 22:55:10 GMT

I have only read here that a few people have, but most of the time its a no. If it was a perfect account you would maybe have a shot at it, but if there were any baddies I wouldnt count on it. Most you can do is call a CSR and ask... all they can say is no.. right?

Re: Re-Opening a Charged Off CC??

doedoe — Fri, 18 Apr 2008 23:00:38 GMT

Ok well if I call and they say no, what other steps could I take to get it removed. My report states it will be removed 01/2010. That a little too long of a wait.

Re: Re-Opening a Charged Off CC??

Anonymous — Fri, 18 Apr 2008 23:06:24 GMT

Do you owe any money on the accounts, thats about your only hope. If you still show a balance you can DV the CA (CMRR) if you have a CA reporting, Im not sure what you do if you go straight to the original company, i think their is a letter somewhere for that. And if they verify you offer them a PFD. But if your in the same boat Im in, and you show 0 balances, then all you can do is send GW letters and cross your fingers they will show some luv.

Re: Re-Opening a Charged Off CC??

doedoe — Sat, 19 Apr 2008 02:52:56 GMT

Well the CA was on my report. It showed a past due of 597.00. I disputed it and they removed it. All thats left is the OC (Cortrust) with a balance of 0.00.

Anyone know a way I can get it removed?

Re: Re-Opening a Charged Off CC??

haulingthescoreup — Sat, 19 Apr 2008 12:48:29 GMT

If you do still owe part of the balance to the OC, try a PFD. Otherwise, GW.

Moving to General Credit Issues.

Re: Re-Opening a Charged Off CC??

Anonymous — Sat, 19 Apr 2008 13:54:45 GMT

I had three charged off credit cards, Cap1, HSBC, and Applied Card.

Cap 1 I eventually settled and it now shows as a paid charge off. That was the best I could do with them.

I was able to get Applied Card to take the account back from the collection agency, accept 70% of the balance, and remove the tradeline from my credit reports.

HSBC was the best... I sent them a fairly substantial payment (I think it was around $200) and then made $50 monthly payments. After that first payment posted, they showed it as "Account closed by credit grantor" and "paying as agreed." After 14 monthly payments I was paid in full, and they re-opened the account.

Re: Re-Opening a Charged Off CC??

Anonymous — Sat, 19 Apr 2008 16:28:18 GMT

What did you do to deal with cap1? I have a charge off that is going to suit thru a CA. Only $1K balance. I called cap 1 and they said deal with CA !!!!

Re: Re-Opening a Charged Off CC??

doedoe — Sat, 19 Apr 2008 17:31:04 GMT

So then I guess if its already been sent to a CA theres not much you can do?

Re: Re-Opening a Charged Off CC??

Anonymous — Sun, 20 Apr 2008 16:33:28 GMT

AutumnWind98 wrote:
What did you do to deal with cap1? I have a charge off that is going to suit thru a CA. Only $1K balance. I called cap 1 and they said deal with CA !!!!

I negotiated the settlement with the collection agency. Cap 1 is very difficult to deal with.