help understanding this charge off. how would you read this??? how many times can they charge off an account?? Status: Account charged off/Past due 150 days. $3,089 written off. $2,567 past due as of 3-2002. Status Details: This account is scheduled to continue on record until 1-2004. This item was verified on 4-2002 and remained unchanged. Date Opened: 09/1995 Type: Revolving Reported Since: 09/1995 Terms: NA Date of Status: 05/1998 Monthly Payment: $0 Last Reported: 03/2002 Responsibility: Individual Credit Limit/Original Amount: $3,700 High Balance: $3,972 Recent Balance: $2,594 as of 03/2002 Recent Payment: $0 Creditor's statement: Account closed at credit grantor's request. Account History: Charge Off as of 3-2002, 1-2002, 12-2001, 11-2001, 10-2001, 8-2001, 7-2001, 6-2001, 5-2001, 4-2001, 3-2001, 1-2001, 12-2000, 11-2000, 10-2000, 9-2000, 8-2000, 7-2000, 6-2000, 5-2000, 3-2000, 2-2000, 1-2000, 12-1999, 11-1999, 10-1999, 9-1999, 8-1999, 7-1999, 6-1999, 5-1999, 4-1999, 3-1999, 1-1999, 8-1998 to 12-1998, 5-1998 150 days as of 4-1998, 3-1998, 1-1998 120 days as of 2-1998, 12-1997, 11-1997, 1-1999, 8-1998 to 12-1998, 5-1998 90 days as of 10-1997 60 days as of 9-1997, 8-1997, 6-1997, 4-1997, 2-1997 30 days as of 7-1997, 5-1997, 3-1997, 1-1997
Re: help understanding this charge off. I disputed the multiple charge off dates and their reply was that these are the dates that they reported the account as a charge off.
Re: help understanding this charge off. Call the creditor and gripe. That is usually pretty effective.
Re: help understanding this charge off. "Charge off as of" means just that - as of today's date, it is being reported as a charge-off. If it was charged-off in 5/1998 and nothing has changed since then, as of today, it's still a charge-off. Looks correct.
