Hi there. My wife has an entry from First Consumers National Bank on all 3 of her CR's. It is showing as charged-off with a balance of $1500. This information is accurate, but I'm wondering if there is anyway to rehab this thing. She is currently using Lexington and they have done a great job for her, but this account has been disputed and verified a couple of times now. So, I am wondering what the best way to proceed is. Should she... a) Just pay them the $1500 so that it will at least show as paid. b) Try to get them to delete the entry or change the status in return for paying them. c) Try to get them to open a new account for her, transfer the balance to that account, and change the entry (I've heard of Cap1 doing this but not sure about FCNB). Paying off the balance isn't a problem but ideally we'd like to get that "charged-off" entry removed or modified. I've never dealt with FCNB so I'm not sure how flexible they are with these things. Any advice would be greatly appreciated. BTW, her FICO is 638 and she just recently received a Citibank Platinum Select with a limit of $6500, so her credit isn't completely trashed (if that makes a difference). Thanks again.
They can only rehab a debt if they still own it. So, make sure you ask asap, before they sell it to a collection agency.
