I have an account on my credit with the status of: Charge off - making payments. My question is should you pay off a charged off account? Does this make the chargeoff look better by them saying making payments? bty this is an account that i included in my debt consolidation. thanks in advance for the help
I would like to refer to a message that I recently saw on the other borad. Bill Bauer suggests that you should not pay off a charge off unless you get a written letter from them saying if they receive full payment, they will not leave a charge-off entry in your report. Otherwise, you pay it all and then you start the battle of trying to remove the bad mark. I have a similar bad mark which I have to fight to get it removed. Here is the link: http://pub103.ezboard.com/fcreditmaniaforumscreditrepairforum.showMessage?topicID=851.topic Note 1: I am newbie who has not learned enough to start contributing to this board. I am simply passing the information. Note 2: I am in no way affiliated with Bill Bauer whatsoever. Note 3: I still have not learner the board jargon, so pardon my normal sounding language...
