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Charged off as bad Debt

Discussion in 'Credit Talk' started by mrjag79, May 4, 2006.

  1. May 4, 2006 #1
    mrjag79

    mrjag79 New Member

    I have an old account that was a line of credit at Wells Fargo. It was charged off as Bad debt and it shows that way on my Credit Report. I paid it in full and it still shows up that way on my report. is that correct? If I ended up paying this account in full shouldn't it show that on my report?
     
  3. May 5, 2006 #2
    ontrack

    ontrack Well-Known Member

    It should show that it is a paid chargeoff, and that the balance is $0.
     
  4. May 5, 2006 #3
    mrjag79

    mrjag79 New Member

    if it doesn't say that who should I contact. The bank or the ca
     
  5. May 5, 2006 #4
    ontrack

    ontrack Well-Known Member

    Whoever is reporting it. It is their legal obligation to report accurately.

    Or dispute it thru the CRA.
     

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