Charge Off

[Anonymous]

I had an account with HFC which is now with a law firm. I did get a lawyer and I have an agreement to make monthly payments and not have a judgement against me. I have made the payments and made them on time.

My credit report shows:

Status: Account charged off. $5,883 written off. $6,410 past due as of Jul 2011.

Acct. History -charge off as of Dec 2010 to Jul 2011.

they reported on my credit report CO for Dec 2010, jan-May 2011 and then nothing until July 2011, July 2011 Late.

My queston is are they going to keep reporting CO and late until it's paid off?  And I dont know why there is $5,883 charged off and $6,410 past due?

thanks for your replies

[Anonymous]

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@Anonymous wrote:

I had an account with HFC which is now with a law firm. I did get a lawyer and I have an agreement to make monthly payments and not have a judgement against me. I have made the payments and made them on time.

My credit report shows:

Status: Account charged off. $5,883 written off. $6,410 past due as of Jul 2011.

Acct. History -charge off as of Dec 2010 to Jul 2011.

they reported on my credit report CO for Dec 2010, jan-May 2011 and then nothing until July 2011, July 2011 Late.

My queston is are they going to keep reporting CO and late until it's paid off?  And I dont know why there is $5,883 charged off and $6,410 past due?

thanks for your replies

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Since you hired an Attorney it would be best to ask all questions relating to what you hired him for to be directed toward him for answers. Having opinions based on experience and non experience is not the same as what is legal and non legal. But that is why you paid for an Attorney!

[Anonymous]

my  attorney is telling me that HFC still owns the account. HFC hired their own lawyer to handle the account for them.  My lawyer is talking to HFC's lawyer and  he (my lawyer) says that the HFC lawyer can only nego. a payoff and that nothing can be done about having the account deleted from my credit report.

so once a CO account is paid how is it reported?  HFC is the one reporting the account.  Would I then contact HFC directly about whats being reported?  And what is best for the comment to say that would help my credit?  Paid in full?   Leave the credit line and try to have the  lates and CO deleted?  Or does it matter if it's now paid.