SYNCB/Paypal Smart Con

Anonymous · ‎12-09-2016

Hey guys im new to the boards / credit rebuilding process!

I'm trying to refinance my house into a better loan for myself and have a

SYNCB/Paypal Smart Con from 2011

Charge off account that is killing me...

anyone have any experience on who to contact about this for goodwill deletion??

via phone or email???

thanks for the help!

Anonymous · ‎12-09-2016

@Anonymous wrote:
Hey guys im new to the boards / credit rebuilding process!
I'm trying to refinance my house into a better loan for myself and have a
SYNCB/Paypal Smart Con from 2011
Charge off account that is killing me...
anyone have any experience on who to contact about this for goodwill deletion??
via phone or email???

thanks for the help!

Well, you'd contact Synchrony Bank's executive offices to request goodwill. But common wisdom says that that charge-off is not killing you. If it's paid, and it's been paid for some time, it shouldn't be affecting you heavily, especially if it's more than two years old. Do you have any other negatives that are less than two years old? Or is your current utilization % high? That would probably be affecting you more than a five-year-old chargeoff.

Anonymous · ‎12-09-2016

@Anonymous wrote:
@Anonymous wrote:
Hey guys im new to the boards / credit rebuilding process!
I'm trying to refinance my house into a better loan for myself and have a
SYNCB/Paypal Smart Con from 2011
Charge off account that is killing me...
anyone have any experience on who to contact about this for goodwill deletion??
via phone or email???

thanks for the help!
Well, you'd contact Synchrony Bank's executive offices to request goodwill. But common wisdom says that that charge-off is not killing you. If it's paid, and it's been paid for some time, it shouldn't be affecting you heavily, especially if it's more than two years old. Do you have any other negatives that are less than two years old? Or is your current utilization % high? That would probably be affecting you more than a five-year-old chargeoff.

The 90 day lates on the CO stays on your reports for the full 7 years and is the reason why scores stay suppressed. A successful GW deletion will help improve OPs score. 30 day and 60 day lates lose their impact in time, but the other continues to impact your score.

Anonymous · ‎12-09-2016

I think that might be subjective.

I have 14 90s on record in the last four years. The most recent is two years old next month. I'm not going to say it's not impacting my score, but it's certainly not killing me. I've built most of the profile in my sig since January of this year when the newest 90 was one year old. So I -will- go out on a limb and say that a five-year-old chargeoff isn't killing anybody. I think it's a matter of degree. As we've all seen here, I think it's a slim percentage of GW requests that actually get honored, and it might be a better use of resources to build a positive profile than to waste a lot of energy trying to eliminate negatives that aren't hurting much, and probably won't be deleted anyway. To me, that's what the focus has been about. Putting time between me and my last late payment, and building up a profile of positive tradelines.

Anonymous · ‎12-09-2016

it hasnt been paid off.. it says Closed / Unpaid balance written off as a loss by credit grantor/ Charge off

was reported 2/2011 and last active 6/2010

it has these as the late days..

1 30 day 9/10

1 60 day 10/10

3 90 day 11/10 12/10 1/11

RobertEG · ‎12-11-2016

If the debt has not yet been paid, it is not likely that a creditor is going to grant a good-will deletion of their reporting of the fact that they have taken a loss on the debt.

You can offer a pay for deletion, offering $ as an incentive to delete.