Re: Charge-Off or Continue with Credit Counseling

Posted by Christine (24.244.136.198) on June 04, 2002 at 10:34:47:

In Reply to: Charge-Off or Continue with Credit Counseling posted by datagoddess on June 04, 2002 at 09:55:05:

Stay with the program, if you charge off you will have bill collectors after you.
You then have the potential to be sued and a judgment against you.
These very ugly charge off R9 marks stay on your report for seven years 6 months after the first missed payment. Don't do that to yourself.
When the debts are paid off with the Credit Counseling Program, they will remove their information off your credit reports.
You will just have closed accounts showing, also the original late payments etc (if you had that reported)
Good Luck and hang in there!! You have almost made it.

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