topic Re: Charge-Offs? in Rebuilding Your Credit

Charge-Offs?

Anonymous — Wed, 07 Apr 2010 03:30:19 GMT

What's the best way to deal with charge-offs? I have 2 cards that were just charged off and Id like to know the best way to deal with them......

Re: Charge-Offs?

RobertEG — Wed, 07 Apr 2010 05:30:38 GMT

Hi, learn to swim

Charge offs are, in my opinon, something to be looked at very seriosly. The can qickly turn into CAs and legal action.

My advice? first, and foremost, is the debt behind the CO ackwlwleged by you asa legit debt?

You have mechanisms to dipute a debt.

But if legit, it is a whole new arena.

So, first is the COd debf legit?

Re: Charge-Offs?

Anonymous — Thu, 08 Apr 2010 00:56:11 GMT

Yep, both are mine and legit.....The fist one if from Amex, and we just could make the payment and they refused to work with us. The second is BofA and we were in the middle of a settlement with them and told them we'd pay the settlement on 4/5, which they approved. Called on the 5th to make the payment and was informed the account was CO'ed, but they'd be more than happy to pull it back for another $3k. At that point, we just told them to go pound sand......