Help with remark on Transunion CR

[Robzilla120]

Had a co-sign go terribly wrong. Can anyone help me understand what this means under the remarks section for the charged off account. 

"Account previously in dispute-now resolved. reported by credit grant; TRANSFERRED TO RECOVERY; PAID IN FULL/WAS A CHARGE OFF"

[FireMedic1]

It moved around and shows it was a paid chagre off. It will fall off 7 yrs from the DoFD. Yet another co-sign gone wrong. You try to help and co-signers come out on the wrong end. Sorry it happened. Least its done. Welcome to the forums!

[TRC_WA]

I wouldn't co-sign for my mom if her car died and she had daily doctor's appts.

I would set her phone up with an Uber app though.

[IamWesty12]

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@TRC_WA wrote:

I wouldn't co-sign for my mom if her car died and she had daily doctor's appts.

I would set her phone up with an Uber app though.

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@TRC_WA I just spit out my snapple w/ your Uber app line.  Well played, well played!!!  LOLOLOL

[sznthescore]

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@TRC_WA wrote:

I wouldn't co-sign for my mom if her car died and she had daily doctor's appts.

I would set her phone up with an Uber app though.

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I don't know if I was suppose to laugh at this (I did) or not... please forgive me, but I totally understand what you mean.  

[Brian_Earl_Spilner]

It means exactly what it says. Was a charge off and disputed. Transferred for recovery. The account is now paid.

Comments normally don't affect you. They only matter if an app is being manually reviewed and even then it depends on loan officer. Honestly, the fact that it says paid would help you.

[TRC_WA]

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@sznthescore wrote:

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@TRC_WA wrote:

I wouldn't co-sign for my mom if her car died and she had daily doctor's appts.

I would set her phone up with an Uber app though.

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I don't know if I was suppose to laugh at this (I did) or not... please forgive me, but I totally understand what you mean.  

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@sznthescore 

Yes you were supposed to laugh.  I was being 100% serious though.  

[donkort]

I co-signed with someone once.  Put my credit in the toilet! Didn't recover for almost a decade.