Credit report - need clarifications

[Anonymous]

Hi all,

Newbie here, so I just pulled my credit report and below are my closed accounts. The only remaining item i need to pay off is the Midland Funding (in red). All the other accounts has ZERO balance (paid off). So my question are does the CHARGE-OFF status hurting my score, can it be deleted from the report, or do I have to wait for them to be deleted?

I appreciate for any advice.

Current Score: 624

Closed Accounts

Account Name Account Number     Date Opened   Balance   Date Reported Past Due    Status Credit            Limit

BANK OF AMERICA, N.A 
                                                         10/04/2007  $0                   11/30/2012                         PAYS AS AGREED  

CAPITAL ONE / BEST B 
                                                         10/31/2000  $0                    12/11/2013                        CHARGE-OFF $1,800   

CHASE BANK USA, NA 
                                                         07/18/2006  $0                    01/18/2012                        CHARGE-OFF $2,500   

CHASE BANK USA, NA 
                                                          04/01/2001  $0                   05/01/2011                         CHARGE-OFF $2,100   

CHASE BANK USA, NA 
                                                          02/01/2000  $0                   03/01/2011                         CHARGE-OFF $1,700   

MIDLAND FUNDING LLC 
                                                          05/14/2012  $1,504            07/14/2015        $1,504      COLLECTION ACCOUNT  

PORTFOLIO RECOVERY A 
                                                          02/28/2011  $0                     05/20/2014                       COLLECTION ACCOUNT  

SPRINGLEAF FIN SRVCS 
                                                           05/01/2006  $0                    02/01/2010                         PAYS AS AGREED $3,200   

SYNCB/CARE CREDIT 
                                                           06/01/2008  $0                     05/01/2011                       CHARGE-OFF $4,500   

VERIZON WIRELESS/SOU 
                                                           12/27/2008  $0                    06/30/2014                         COLLECTION ACCOUNT  

[Anonymous]

You can goodwill request the paid co to delete the otems. Do a search here for goodwill letter examples.

[credgirl]

+1 Ditto

[Anonymous]

GW letter or maybe just call them and ask if they will delete? Verizon Wireless may be a tricky one to work with, best of luck!

[Anonymous]

Thanks guys. I'll look into the goodwill letters.

I'm guessing this will improve my score a little bit once it's all removed, correct?

[Anonymous]

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@Anonymous wrote:

Thanks guys. I'll look into the goodwill letters.

I'm guessing this will improve my score a little bit once it's all removed, correct?

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Yes, your score will improve in the long run but don't be discouraged if your score bounces up and down in the beginning, when your first start rebuilding, after some time it will settle down

[Anonymous]

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@AhmedInVA wrote:

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@Anonymous wrote:

Thanks guys. I'll look into the goodwill letters.

I'm guessing this will improve my score a little bit once it's all removed, correct?

---

Yes, your score will improve in the long run but don't be discouraged if your score bounces up and down in the beginning, when your first start rebuilding, after some time it will settle down

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Thank you!

[gdale6]

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/GW-letter-Q-amp-A-Examples-and-GW-Success-Sto...

[Anonymous]

Read the posts here for examples of Goodwill letters. I am sending you a PM for a contact at Care Credit to send a GW letter to. Best of luck on your rebuilding!

[RobertEG]

A reported charge-off becomes excluded no later than 7 years plus 180 days from the reported DOFD.

To get it removed from your credit report earlier than its exclusion date will require obtaining a voluntary deletion by the creditor.

Regarding the charge-offs that are showing $0 balance, an OC account must update to $0 if either the debt is paid OR they sell the delinquent debt.

Thus, it is unclear as to whether the CO accounts showing $0 have actually been paid......?