topic Re: Paid in Full Charged Offs in Rebuilding Your Credit

Paid in Full Charged Offs

Battery2010 — Fri, 03 Sep 2021 18:47:18 GMT

I have a few Charge Offs that i have paid in full and it's reporting that way on my Credit report. I didn't get a Pay for Deletion. I know they aren't obligated to do it but should i send them a letter asking them to delete it off my credit report or would i be wasting my time? Any thoughts and or ideas would be greastly appreciated.

Re: Paid in Full Charged Offs

MileHigh96 — Fri, 03 Sep 2021 19:15:34 GMT

They might not remove it no matter what, but it absolutely never hurts to ask. It's definitely worth sending a GW letter and seeing how they respond. Worst thing they can say is no.

Re: Paid in Full Charged Offs

OmarGB9 — Fri, 03 Sep 2021 20:16:07 GMT

@MileHigh96 wrote:
They might not remove it no matter what, but it absolutely never hurts to ask. It's definitely worth sending a GW letter and seeing how they respond. Worst thing they can say is no.

Re: Paid in Full Charged Offs

SoonerSoldier33 — Sat, 04 Sep 2021 13:01:11 GMT

Getting an OC to remove a charged off account is the holy grail of credit rebuilding. It's very, very uncommon. However, there's no harm in asking. A goodwill letter costs you a stamp and a little time, and all they can do is say no.

Re: Paid in Full Charged Offs

IodineNightSky — Sat, 04 Sep 2021 15:51:18 GMT

In writing your letters I would point out that you know you could've settled the account for less than the full amount but you really wanted to satisfy the entire debt even if that meant paying more than you could've.

show them you're a man/woman of your word and you made good on the full debt when you could've settled for less as evidence.

Re: Paid in Full Charged Offs

Battery2010 — Sun, 05 Sep 2021 18:31:57 GMT

Thank you all for the insight. I will try this for sure...

Re: Paid in Full Charged Offs

gdale6 — Mon, 06 Sep 2021 14:52:32 GMT

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/GW-letter-Q-amp-A-Examples-and-GW-Success-Stories/td-p/1573680