topic B of A : Baddie listed (with a Chargeoff!) as Account in Good Standing!!! in Rebuilding Your Credit

B of A : Baddie listed (with a Chargeoff!) as Account in Good Standing!!!

Anonymous — Wed, 10 Nov 2010 15:14:44 GMT

I have no idea why this is happening, but I had the good sense to pull from all 3 CRAs just now, and I see that on my Experian, an account with a DOFD of 10/2004, with a resultant charge off in June 2005, is reporting as an "Account in Good Standing."

WTF to do about THAT??

Re: B of A : Baddie listed (with a Chargeoff!) as Account in Good Standing!!!

llecs — Wed, 10 Nov 2010 19:41:33 GMT

Sounds like the OC removed the negative aspects of the TL at some point in time. If showing positive, then leave it. I have a Zales CO reporting on my EQ. It CO'd in 1997 and some point around 2000-2002, the lates and the CO reference was removed and still reports today as a positive account (and still says "open"). I hope it sticks around.

Re: B of A : Baddie listed (with a Chargeoff!) as Account in Good Standing!!!

Anonymous — Wed, 17 Nov 2010 21:34:51 GMT

Ilecs, thanks for responding. It shows still with negative attributes. It's clearly still a charge off, but it shows as paid.

Re: B of A : Baddie listed (with a Chargeoff!) as Account in Good Standing!!!

Anonymous — Wed, 17 Nov 2010 21:38:35 GMT

My computer is acting wild. That posted too soon.

I would think that reminding the CRA that in NYC, chargeoffs that have been paid should come off at 5 years. Question is, who has to have "paid" it? If the balance shows zero, someone paid it. It even shows a date paid. Is it then subject to the paid CO rules? Should it be off, as it is on by TU and EQ, as of 7/2009?

DOFD is 8/2004.