Target/TD Bank Charge Off

[Anonymous]

Has anyone had any success paying for deletion on a Target/TD Bank account?

I have a charge-off from 2014 of $412.

This charge-off is killing my chances of improving my credit. 

I have a BOA 99/500 that graduated 8 months ago with perfect payment and they won't give me a CLI because of the old Charge-off.

I have a DiscoverIT secured: $1,200 and a Cap1 Platinum $500.

My current scores: 

EQ: 607

TU: 617

EX: 588

Any advice would be great.

Thanks,

[RobertEG]

Does the original (reporting) creditor still own the debt?

[Anonymous]

Yes. Target/TD Bank never sold the debt to collections.

[nmk94]

Was there an outcome to this? Did you have any success?

[Anonymous]

I have a target CO from 2016 which has been reporting every single month as a late. I did not even realize this until I pulled my Experian. I made a payment arrangement with them last week, paid 1/2 and now the remaining 1/2 is supposed to be withdrawn tomorrow. The customer service woman was very nice but when I called she immediately advised me that they intend to collect on the CO. I told her well good news is I'm calling to pay and she laughed.  after the remainder is withdrawn I will send them Gw letters and ask for the trade line to be deleted. TD is a tough not to crack I learned but even having it paid off instead of reporting as in collection every single month and adding a late payment will help.

if you can afford it, pay them. They will work with you. I had another old TD CO through Nordstrom (I forgot I hadn't returned merchandise and $80 went into collections - so darn stupid). After I paid that CO my score went up a few points although it is still on my report. Since they're both TD I am going to send GW when both debts are fully settled.

you live, you learn.