There is a tradeline from Portfolio Recovery Assoc in my CR and it has a notation as Charged off-Bad Debt to all 3 CR's. Funny it says that since they were being paid monthly thru a CCCS for the past year. I have since discotinued using the CCCS and am about to send them a Validation tomorrow, but want to be sure that I can send it to them although they have it as a charge-off. Please help thanks
Send the validtion letter. it don't matter how they have it listed. A debt has to be a charge off or a collection one or the other it can't be both.
If you started to pay it after it was charged off, that does not erase that fact. Don't mean to be a bearer of bad news... Just my .02...
ok guys thanks for your responses. Validation will go out tomorrow. Will keep you all updated as I go along. Thanks again
A CA can not charge off a collection account. He was not paying on a charge off he was paying on A collection. If he stops paying the CA that does not convert the collection to a charge off account ! ***There was never any fact that it was a charge off to begin with. The end----LB 5 9
I agree with lbrown. If you want to raise heck call the IRS on this one. Once the OC gets their tax write off I'm pretty sure the CA can't take it again.
Re: Re: Can a Collection get Charged off? Don't go there, you have enough enemies... I overlooked that Portfolio is not the OC, but a CA, my fault.
Re: Re: Re: Can a Collection get Charged off? Don't go there, QUEEN_BEE =================== Don't go where? BTW:Your 2 cents still hain't worth a nickel. The END ************************* LB 59
