I have a Chase Charge Off from a while ago with a $4000 balance. Is it worth paying or should I just ignore it? I mean no one is coming after me but Chase still has the debt and I think this maybe the reason why Chase will not even consider me for any credit cards.
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If you want to get back in with them, pay them in full. You don't have to. They may let you back in with a settlement or even if you don't pay them anything, but they will never let you forget you burned them. You'll have to recon almost everything from apps to credit limit increases. It will always be brought up.
How long ago was a "while ago"? Charge offs count against your util %. Charge offs are like a maxed out 100% card even though its closed. If you can settle for less. Then they have to report it at $0 balance. There will be a score boost considering other factors of course. But the fall off will be the DoFD or your last payment. Settle it and let it age and fall off. Good Luck!
A while ago was about 2010 I believe when they finally charged it off.
Chase still has it I called them they wanted to offer me a settlement $150 or lower a month and they will reduce the balance. Chase has held onto this debt for quite a while and I want to get back in with them I just don't know if I should accept this offer from them and it is not on my cr anymore for other banks to see but Chase still has it in their own history.
Well if you want to get back in with them, then yes I recommend you pay them back in full. If they're offering you a payment plan, then even better. They won't let you back in until they're paid back in full or settled and some time has passed.
Yeah I think that's what I will do thanks for the help. This question is for anybody has anyone had a charge off with Chase then paid it off and have they gotten back in with them?