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Actually, about 10 days ago DH finally paid his last negative, a 3-4 year old(TU reports since the first delinquency while the others since the acct was closed)$600 charge off with Synchrony. Can he start GW'ing or should he wait until they update the status? They said it'll take them 3 weeks to process and 60 days to update...hopefully it'll be much sooner but we don't wanna waste time, if possible... Thanks in advance!
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So the acct was paid off a month ago and it updated a few days ago to show a $0 balance but the status is still "charge off". I understand they like to remind everyone it was charged off but I thought they were supposed to change payment status to "paid/was charge-off"... His credit score did get a good 20 point bump from the change in utilization from 35% to 2% but now I'm even more confused... Does this mean we're good to go with the GW or still have to wait for the status update? Technically there is no money owed even though the payment status says otherwise :/
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