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I have several accounts reporting as charged off. I'm paying on all of them. Some report to EX as CLS and I'm paying on them. Others report to EX as CO even though I'm paying on them as well. Does this affect my FICO and if so, is there anything I can do about this?
It is unclear as to what is meant by one reporting to the CRA as CLS.
Can you clarify? Was a charge-off never reported, or is that some additional status?
Actually I found my own answer. Some of my closed cards were reporting closed, but a couple of the closed ones were reporting charge off. Now it makes sense. I'm still paying the closed cards to the original creditor. Those 2 reporting charge off are the 2 I'm paying to a third party. So my bad. Just got confused and thought that I was being punished more than I really am.