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Barclay's CO assigned to Northland Group is it included in my utilization??

upwardonward
Contributor

Barclay's CO assigned to Northland Group is it included in my utilization??

I have a Barclay's juniper credit card charge off from 2011.  It's still reporting a balance of $2065 on my credit reports.  I contacted barclay's  but they said the account has been assigned (not sold) to TranAmerica/Northland.   They still own the account.  Is this hurting my score.. should I make a priority to get this paid asap? 

 

Chapter 7 Discharged Sept 2019
FICO 8 as of 06/2020: EQ: 637 TR: 631 EX:651
Message 1 of 5
4 REPLIES 4
gdale6
Moderator

Re: Barclay's CO assigned to Northland Group is it included in my utilization??


@upwardonward wrote:

I have a Barclay's juniper credit card charge off from 2011.  It's still reporting a balance of $2065 on my credit reports.  I contacted barclay's  but they said the account has been assigned (not sold) to TranAmerica/Northland.   They still own the account.  Is this hurting my score.. should I make a priority to get this paid asap? 

 


If Barclay is reporting it with a CL then it most likely is included in your CC utilization. I would attempt the PFD especially if its updating monthly

 

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/PFD-Q-amp-A-Examples-and-PFD-Success-Stories/...

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/PFD-Example-Letter/td-p/4519

Message 2 of 5
NormanFH
Super Contributor

Re: Barclay's CO assigned to Northland Group is it included in my utilization??


@upwardonward wrote:

I have a Barclay's juniper credit card charge off from 2011.  It's still reporting a balance of $2065 on my credit reports.  I contacted barclay's  but they said the account has been assigned (not sold) to TranAmerica/Northland.   They still own the account.  Is this hurting my score.. should I make a priority to get this paid asap? 

 


Absolutely. Unpaid CO's still held by the OC are the worst thing you can have on your reports. Not only do they hit your payment history AND your UTI% (65% of scoring total), they can spawn collections and judgments.

Most Recent FICO 8 Scores EX616/TU587/EQ607 01/09/2018 Starting scores 553/485/543 08/25//2017
~~~Credit lines~~~~
SDFCU VISA Secured $250
Discover Secured $200
Message 3 of 5
RobertEG
Legendary Contributor

Re: Barclay's CO assigned to Northland Group is it included in my utilization??

You can contact the debt collector and make them a pay for not reporting offer, thus avoiding addition of a collection.

Message 4 of 5
upwardonward
Contributor

Re: Barclay's CO assigned to Northland Group is it included in my utilization??

Thank you guys! I had a windfall and decided to go ahead and pay the balance to Northland. So hopefully Barclay's will update the account to "Paid Charge Off" with a zero balance sometime this month..   Thanks again for the knowledge sharing.. 

Chapter 7 Discharged Sept 2019
FICO 8 as of 06/2020: EQ: 637 TR: 631 EX:651
Message 5 of 5
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