I have a charge off on a bank loan but I have one more payment left and the charge off will be payed. Is there anything I can do to try to get the bank to remove the charge off from my report? I have been paying it back for almost 2 years now.
Hi The general opinion around here is once you have paid off the debt you have lost your leverage to have the creditor change anything on your reports. But since you still have one more payment if I were you I would either start the validation process. It will stop the collection proces for a bit.I sent a validation letter to a ca I was paying and once they receved the letter they stopped everything and took it off my reports too ..lol..so you might get luck.. It is up to them to prove the debt is yours (not you)and just because you've been paying on it doesn't prove addmission of guilt that the debt is yours either. If they can't validate you can fight them to get it taken off Another option might be just to send them a settlement offer payment in exchange for deleation now before that last payment is due. If you are lucky enough to get a settelment be sure to get the agreement in writting preferably on the compnay letterhead...you will need that later to dispute it off the CRA reports Good Luck JAmie Anyone else have a suggestion ?
