Here is my situation. I hope someone can really help. I had a GE Consumer Card for Care Credit (dental work) in 06/2001. Because of extreme interest, late fees, etc., it got way out of hand. Not making excuses...it just is what it is. Anway in May of 2005, I began receiving harrassing calls from Arrow Financial Services. There initial letter to me was May 2, 2005. After some research, I sent a letter dated May 21, 2005, asking that the validate the debt. I sent it certified mail, return receipt requested. Still have not received a response as of this date. No further communications from them. I just ran my credit report from Experian...here is my problem: There is a reported charge off from GEMB/Care Credit showing on my credit report. It is hard for me to understand, but it state under 'Status' "Account charged off/Past due 150 days. $2,309 written off. $641 past due as of June 2005." Also Date of Status = 03/2005; Last Reported = 06/2005; Recent Balance = $2,309 as of 06/2005; under 'Creditor's Statement' it says: "Purchased by another lender". Account History: Charge Off as of Mar 2005 to Jun 2005 180 days as of Mar 2005 150 days as of Feb 2005 120 days as of Jan 2005 90 days as of Dec 2004 60 days as of Nov 2004, Apr 2004 30 days as of Oct 2004, Sep 2004, Jul 2004, May 2004, Mar 2004, Aug 2003, Jul 2003, May 2003, Jan 2003, Apr 2002, Jan 2002 Sorry for such a long post. I really need help on addressing how, if possible, to have this removed. If I save up enough money to pay it off, should I send the original creditor a debt settlement offer asking that the charge off be removed from my credit reports once paid? And what about Arrow Financial?
