Credit Reporting

Discussion in 'Credit Talk' started by woofer, Feb 19, 2008.

  1. woofer

    woofer Well-Known Member

    I settled with an OC for about a third of charge off.
    In the settlement the credit reports were to be updated to charge off ZERO balance
    Well I just checked and before the OC TL would read charge off 9K. Now it is reading CH 6K, which would reflect the 3K paid settlement.
    So now what can I do as in my paperwork it does read that the TL will reflect ZERO balance.
    Thanks
    Woofer
     
  2. greg1045

    greg1045 Well-Known Member

    Did you get the OC's Settlement proposal and their "promise" for 0/zero balance reflection in writing??
     
  3. woofer

    woofer Well-Known Member

    Oh yes : )

    Woofer
     
  4. enigma

    enigma Well-Known Member

    Did you you include in the settlement agreement that TL would reflect a $0 balance by a certain date?
     
  5. woofer

    woofer Well-Known Member

    Yes with 45 days and if not to contact lawyer who will update .

    I did that this morning so we shall see.

    Oh another note, now that I paid off this, will the DOLA still be 2002 and be off my cr in 2009? Or will it start the clock and not be off until 2015 ? : (
     
  6. jlynn

    jlynn Well-Known Member

    In a perfect world, 2009. If they illegally reage - 2015, which is disputable. ;)
     
  7. woofer

    woofer Well-Known Member

    Thanks jlynn : )
    Woofer
     

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