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Charge-Off Question

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Ysettle4
Valued Contributor

Re: Charge-Off Question


@SunriseEarth wrote:

@JPeanut503 wrote:

Once something is charged-off should it still be reporting lates every month? It is on 2 of CRA's and I was not sure if it was correct or not. I am in teh process of paying off the debt, it's down to $330 now.


Unfortunately, they are reporting correctly.   Until the balance is paid/settled, it's still technically "late."   My Cap One CO reported similarly.   Once I got the balance far down enough, I made an offer to settle on the remainder.  This brought it to zero and stopped the "new" reporting every month.  


+1

769 INQs: 6774 INQs: 5764 INQs: 8UTIL: 2%AAoA: 5yr 8mosTotal Credit Line: $873,950
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