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need advice on charge off

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Posted by dano1surfer ( on September 25, 2002 at 15:56:58:

Hi all, I am glad I found this fourm. I have read for a couple of hours and learned more about credit that I have for the last ten years.
I have several issues to tackle but here is the first. I live in SC. I have three charged off accounts for $7500. The last date of activity was 1997 for them. My credit report says last reported in 1999 and 2000. I guess from what I have read it may be better to wait it out and do some cheritable deeds rather than pay the CA's. But when did the clock start, and how long to I have to go. It appears that when the CA bought it, the orig creditor updated the last reported date. Not only that, the collection amounts are higher for the same accounts since they belong the the CA now(MRC - MCM). Should I start disputing things? I would like to be on my way to good credit and your advice in appriciated.

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