Re: Charge-Off Account

Posted by shortylovenewyork (129.44.55.62) on June 15, 2002 at 23:49:57:

In Reply to: Charge-Off Account posted by Gamosi on October 17, 2000 at 16:38:59:

: I know this question has been answered a thousand
: different ways but I can't seem to get a satisfying
: answer for my own. I recently requested a copy of my
: credit report after almost 10 years. I filed a chapter
: 7 when I was very stupid and young. I have two charg-off
: accounts on my report. One charge off was done in
: October of 1994 and the other was done this year for
: an acccount that was inactive since 1991. I wrote the
: credit bureau because I really didn't know who the first
: charge-off belong to. I asked them to remove this because
: the debt was paid. Three days after my telephone
: conversation with the credit bureau, I received an
: express mail letter offering a credit card proposition
: in the mail from the company that held the debt stating
: that they will give me an unsecure line of credit for
: $300.00 and in addition add the $600 dollar delinquent
: debt onto it also. They stated this was a great way to
: reestablish credit. I indicated to them that I was trying
: to get out of debt not go back into debts and that I
: wanted to settle the account for a reasonable amount.
: They offered to settle for $300.00 if I Western Union
: the money before the end of Sept. They also stated that
: it was against their rules to go beyond settling a debt
: for lower than the $300.00. They also stated that they
: could fax me a letter stating that the account was paid
: in full after I send the Western Union. Since this is
: Capital One working with some collection Agency called
: Wesleyan, can they remove the debt from my credit report
: because the names are different. I just ran into this
: problem with an old Montgomery Ward Account. Once collection
: agency had the account. AFter paying it off, I was told
: that they could not remove Montgomery Wards information
: and that I had to contact them. Also, Is this charge off
: old enough to have been removed from my credit file? Is
: the collector just trying to get me to pay on a dead
: file? I really want to do the right thing. Please help.
: Lost in Texas.

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