Whychat/Ladynred/any help--CRA reports show chargeoff instead of collection
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Posted by colleen (152.163.253.37) on June 09, 2003 at 10:10:21:
A few months ago, three credit card accounts charged me off. Weeks later, I received letters and calls from three different Collection Agencies indicating amounts I owe. My questions are: 1. Was my account "sold" or "assigned" to them? Does it make any difference? 2. My recent credit report shows that all three accounts are "charged off" and will stay in my report till sometime 2010. In any case, why did they not report that I was in "collection" instead of charge off? 3.Do I correct/dispute this?...is it better for a report to have "charged off" or "in collection? The reason I am concerned is because with only "charged off" as being reported at the moment, will it give them the opportunity to "REAGE" (they will report that it "was" in collection) my report after 7 years and ruin it for an additional 7 years? Can they do that? Please....I need all the help and advise so I can rectify it or do I just leave the report as is? Thank you....
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