Bank misreported my Paid-In-Full as Delinquent

[Anonymous]

I recently paid in full a charged-off account. One week after paying my Credit was affected by paying it, affected negatively. Instead of changing it to Paid in Full the bank seems to have reported my account as delinquent. This means they they have re-reported a 5 year old debt as charged off, so now it is being treated as recent activity. What can I do to get this removed?

[Callandra]

So it's not reporting as paid in full? You can dispute it so it will report as paid in full but disputing it will not get it removed (disputes are so information reports accurately, not to remove things that are indeed yours/belong there) -- you can try contacting the bank with goodwill letters to remove it though. Check out the rebuilding forum for goodwill letter examples. Good luck! 

I'm not an expert but paying it can make it update and actually harm your score a bit but that won't change the fall-off date/Date-of-first-deliquency. 

[RobertEG]

It depends upon the details of how it is being reported.

The CO will continue to be reported.  It is a fact of life once it occurs, and remains in your credit report and scoring until it is either deleted or becomes excluded upon reaching its credit report exclusion date.

The key is what is now being reporting as the "Current Status."

Current status reflects no prior history, and is merely the account status as of theri last (current) reporting.

An accunt that previously had a current delinquency/CO status that is paid will then have a Current Status of paid.

The prior declinquency/CO status is retained under a separate code called your Payment Rating to inform others of its status upon being paid.

Thus, the issue of whether the continued showing of the CO is reflected as its Current Status, whcih would be inaccurate, or is being shown under your Payment History Proflile or Payment Rating, which would be accurate.