You can always dispute the accuracy of any reported information, but a dispute always provides the furnisher (in this case, the original creditor) the right to correct the reporting so as to overcome the asserted inaccuracy.
If the dispute relates to the balance, then resolution will only lead to verification or correction of that item of information, and will not require deletion of any other information or of the entire account, so it might first be more prudent to deal with the issue of the debt before disputing its current value.
Issues pertaining to the amount of a charged-off debt can vary depending upon what has been reported, and what you consider to be the accurate amount.
First, the amount of a charged-off debt is separately reported at two different codes. It is reported as the amount of the debt at time of the charge-off, which is a sticky amount that does not change if the debt increases due to addtion of other fees or interest, of decreases due to partial of full payments. The current account balance separately reports the current amount of the debt, which can be more or less than the debt amount at time of charge-off.
Are the amounts referenced in the post a statement of the debt at time of charge-off, or is it the current balance with a continued current delinquency status of CO?
Second, if the amount relates to the current balance, once you pay it, it will then be updated to $0, so if you have already paid the debt, then you are waiting for the creditor to be notified by the debt collector of the payment, and then the creditor must update to $0 Thus, it might be prudent to wait for the credtior to update before filing any disputes.
Yes, you can always contact the creditor and request that they grant a voluntary, good-will deletion of any derogatory reporting they have made, or even to delete their entire account.
