topic NFCU Charge-Offs in Rebuilding Your Credit

NFCU Charge-Offs

secondgo — Wed, 31 May 2023 17:39:03 GMT

Is there a specific department I need to talk to at NFCU? I'm trying to correct the loss I caused and they are saying that since it was sold to Resurgent/LVNV, that can't happen even if I pay the balance through Resurgent. I've seen many people on here get this done though. Anyone have ideas?

Thanks in Advance!

Re: NFCU Charge-Offs

OmarGB9 — Wed, 31 May 2023 18:24:28 GMT

Hello and welcome,

I'm not sure about the exact department, but I've requested for a mod to move your thread to the Rebuilding-Your-Credit forum for better exposure.

Re: NFCU Charge-Offs

FireMedic1 — Thu, 01 Jun 2023 15:38:53 GMT

Go to annualcreditreport.com. Look at the balance from NFCU. If its $0 balance. They sold it. But if you pay/settle it will be deleted.

Re: NFCU Charge-Offs

secondgo — Thu, 01 Jun 2023 18:30:26 GMT

Yeah I get that part. It WAS sold. NFCU is no longer reporting at all. The problem is the reps I'm talking to are telling me no more member benefits at all, forever. With no option to voluntarily repay.

Re: NFCU Charge-Offs

FireMedic1 — Thu, 01 Jun 2023 21:13:37 GMT

Yikes. How long did it take for them to send it to the CA?

Re: NFCU Charge-Offs

sznthescore — Fri, 02 Jun 2023 05:07:55 GMT

NFCU use to keep delinquent accounts in house. They have since changed their policy it appears or its a case of YMMV. Personally, I had to go through a security appeals process. Paid the charge-off, went through a security appeal and got back in after 7 years of restriction. Detailed post on my personal experience. Business is back to normal with NFCU. I wish you the best of luck.

Re: NFCU Charge-Offs

Thexy1 — Sun, 22 Oct 2023 03:37:43 GMT

If you pay the CA both the CA and OC lines will be deleted?

Re: NFCU Charge-Offs

rmduhon — Sun, 22 Oct 2023 08:25:22 GMT

In my case NFCU sold our accounts to LVNV a couple of months before it was out of SOL (sold in Oct 2022, Texas 4 year SOL up in Dec of 2022)

Re: NFCU Charge-Offs

FireMedic1 — Sun, 22 Oct 2023 10:29:50 GMT

@Thexy1 wrote:
If you pay the CA both the CA and OC lines will be deleted?

LVNV or Resurgent will delete once settled or paid. Charge off dont go anywhere. Pay them back and wait for the day to get back in.