removing a chargeoff

[crapandgarbage]

what is the best way to remove a charge off by hsbc that has been sold to a lvnv. lvnv is now the owner but i want to get hsbc out the way first. can i still deal with the oc to get a sold account removed?

[Anonymous]

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crapandgarbage wrote:

what is the best way to remove a charge off by hsbc that has been sold to a lvnv. lvnv is now the owner but i want to get hsbc out the way first. can i still deal with the oc to get a sold account removed?

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You will probably have to try PFD with LVNV first. What is DOFD,DOLA, Balance???

[crapandgarbage]

dofd march 07

bal 7k

[Anonymous]

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crapandgarbage wrote:

dofd march 07

bal 7k

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This a fairly new acct, You are still within SOL, be careful. OC can sue for judgement, and if you can not PIF before hearing, you could end up with judgement on CR, and that is worse than a CO.  You might try PIF offer to HSBC, ask if they could pull from CA, and delete for PIF. Even if they won't delete, a paid CO with the OC is going to probably increase your FICO Score. It will decrease overall utiliz on revolving accts. If HSBC will not pull acct from OC you will have to deal with CA. I would not offer any payment to CA unless they agree to delete from CR.

OC can still list as PAID CHARGEOFF, but still better than UNPAID CHARGEOFF. Whatever happens don't let it go to judgement status if at all possible.

[Anonymous]

Sorry to say neither HSBC nor LVNV Funding is going to delete ANYTHING!!!!! I had a charge off from HSBC in 2004 and they won't delete...and I contacted LVNV Funding about a PFD but they said they will not delete...But it won't hurt to try.....

Message Edited by slyhouse08 on 04-14-2008 08:35 PM