Like many I have been surfing the web looking for advice regarding a charge off. I have had seen quite a few different answers to my question and am confused on the right direction to go. I have a 3 year old CO from Chase. They have sold the account to a CA who I have shut down there NAF efforts.What does that mean?If I do nothing I know that the CO will be at 7 years in 4 more but am unwilling to wait. I see on my credit report that Chase reported the CO in 2005 and has been reporting key derogitories monthly since. There is no information regarding the CA on my report. Even with the CO my score is 733. I have only checked one of the 3 so far. Since Chase sold the balance but is still reporting monthly to the credit bureau who do I contact for a possible PFD? Also, is it better to contact the credit bureaus for verification on the Chase account first, and then deal with the balance? I have enough money put away to make an offer of 40-50% and want to know what is the best change on my credit reports I should be negotiating. Any reply would be greatly appreciated.