Paid Collection/Bad Debt

Discussion in 'Credit Talk' started by tony_vo, Sep 12, 2002.

  1. tony_vo

    tony_vo Member

    6 mos ago, I paid CA my debt in full without any condition. I pulled out my CR today, it's still showned as "charged off as bad debt". Should it have been changed to "Paid Collection" instead?
     
  2. QUEEN_BEE

    QUEEN_BEE Well-Known Member

    In most cases, it would read 'paid chargeoff' or paid after chargeoff.
     
  3. tony_vo

    tony_vo Member

    Thanks for respond to my question.

    Thus, it should not be as "Charged off as Bad Debt"?
     
  4. QUEEN_BEE

    QUEEN_BEE Well-Known Member

    Not without simultaneously reflecting that its paid, that's misinformation.
     

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