Its just a more technical way of saying they charged-off the debt. A charge-off is the shifting of a debt from a receivable asset to a non-receivable bad debt in their accounting ledger thus reducing their tax obligation and more correctly stating their current assets.
Consumers usually, in their requests for deletion, only request deletion of the adverse information, and not the entire account.
Significant if the account has an age greater than their average age of accounts.
Deletion, if the information is accurate, is purely at their discretion. If the account is now only a charge-off, they could place it for collection, adding an additional derog to your CR. What they may do if you dont accept their current offer should be a consideration.
If they sold the account, it would no longer be open credit with them. No credit available, and no debt reportable.
Are you sure the account was actually sold to the debt collector, as opposed to being assigned to them only for their collection on the debt?
