requirements for chargeoff

Discussion in 'Credit Talk' started by mich32576, Apr 25, 2003.

  1. mich32576

    mich32576 Active Member

    Hello all, my question is relating to chargeoffs
    1. What are the requirements for an account to be reported as a chargeoff? I read on Why Chat's site the following http://www.fdic.gov/regulations/laws/rules/5000-1000.html. World Financial Bank won't budge on two charged off accounts. one charged off7/92 but was paid infull 9/98 and not reported to CRA until 9/98
    Another charged of 9/7/98, was paid infull 9/29/98, and reported tothe cra as charged off 10/98. Anyone have any ideas on how to settel this
     
  2. jlynn

    jlynn Well-Known Member

    What have you done to try and resolve, and what have they said?
     

Share This Page