Can they legally claim it and note it as a CO when I have paid it off...in full?? (to the OC/CCCo, not CA) Seems that's having the cake & rubbing it in my face too.
Timothy wrote:I am not sure how to handle these other than trying a PFD.A CO or Charge off is an accounting term for "Charged to profit or loss". They have for tax purposes written it off as bad debt.Were these IIB?
gingergirl wrote:I have two CC that are listed as Charge offs. What exactly are charge off and can I pay them to have them removed? One is with Applied Bank Card and the other is HSBC. Applied is listed on my CR as "included in bankruptcy", I sent a GW to have them delete, but they wrote me back saying that it was charged off. I sent HSBC to PFD letter and I am still waiting for a response. Has anyone had any luck with these companies? What am I to do?
I have been going back and forth with HSBC for 2 years now. I had two 30 day lates on my HSBC cc when I lost my job back in 06 & HSBC canceled my promo ineterest rate of 5%. Now my interest rate is 21%!!! The cc is a retail cc that I got approved for when I purchased my motorcycle so its a revolving acct but it is paid like an installment acct.
Anyway, I have sent numerous GW letters reagarding lowering the interest rates, GW letters in hopes of removing the two 30 day lates, etc. I did enough to where I received a call from HSBC Retail Services Executive Assistant to the President back in April and she said that my account had been reviewed every time I sent them a letter & that they are unwilling to make any changes. I have been sending $100-$200 more w/ my monthly payment and havent been late since Nov 06 & they still refused everything.
I plan on selling my motorcycle because I am a single mom & I want to get a house for my son & I. My motorcycle payment went from $85 to $289 after the interest shot up which has caused my DTI ratio to skyrocket also.
So in closing, I am not a big fan of HSBC!!
So in closing, I am not a big fan of HSBC!!