@Anonymous
Here is the Barclay's account. I have a settlement offer in hand for $8k after nearly a month of negotiating with them. My only concern is that they will report like State Farm did and not like my other creditors (Amex, Wells Fargo, Chase, Discover, Sofi) all did.
The settlement letter from them reads:
"As of the date of this letter, your account balance is $19,995. Once receipt of the agreed settlement amount of $7,998 by August 8, 2020 (plus an additional 15 day waiting period to validate funds *huge eyeroll here*) is confirmed we will consider your account balance settled - for an amount less than the full balance - and will send an update to the credit reporting agencies. "
To date they are the only creditor who will not allow me to submit payment over the phone. They kept this CO in house and never sent it out for collections. Was very difficult to even find someone to discuss a settlement offer with.
So, I am going to drop a cashier's check in overnight mail to them this afternoon.
However, after reading the other comments on this thread that it could just be an issue of taking 2 payment cycles to clear, that makes sense. I see from my alert history that this is what happened with my Wells Fargo settlement. Also, I now have the proper information on how to proceed. 
Anyhow, here is the Barclays account:
| EQUIFAX | TRANSUNION | EXPERIAN | |
Last Updated | Jul-20 | Jul-20 | Jul-20 |
Payment Status | Charge-off | Charged off as bad debt | Unpaid balance reported as a loss by credit grantor |
Worst Delinquency | Bad debt/collection | None Reported | Charge Off/Other Derog |
Balance | $19,995 | $19,995 | $19,995 |
Credit Limit | $19,000 | $19,000 | $19,000 |
Credit Utilization | 105% | 105% | 105% |
Closed Date | – | 11/10/2017 | – |
Open Date | Aug-11 | Aug-11 | Aug-11 |
Last Activity | Aug-17 | Jan-18 | – |
Terms | – | – | Revolving |
Scheduled Payment | – | – | – |
High Balance | – | $21,243 | – |
Loan Type | Credit Card | Credit Card | Credit Card |
Responsibility | Individual | Individual Account | Individual |
Company Name | Barclays Bank Delawa | Barclays Bank Delaware | Barclays Bank Delaware |
Account Number | XXXXXXXX | XXXXXXXXXXX | XXXXXXXXXXX |
Contact Info | P.O. Box 8803 - Wilmington, DE (888) 232-0780 | ||
Comments | Charged off account Account closed by credit grantor | Account closed by credit grantor | Account Closed At Credit Grantor's Request |
@Anonymous wrote:Follow up - it took until now and having to run a rapid rescore, but both the State Farm and Barclays are now reporting properly and my scores all went up 60+ points.
Congrats!
