Settlement Mayday,mayday,mayday

Discussion in 'Credit Talk' started by Kevin1, Jul 19, 2002.

  1. Kevin1

    Kevin1 Member

    Just got off the phone w/ccc 2 accts 179 days past going to PRE CHARGE OFF today if I dont make a pmt in the next couple of hours

    I'm holding out for how settlement will be reported
    ccc continues to hold the line saying THEY CANNOT REPORT SETTLEMENT ANY WAY EXECPT "SETTLED"

    Should I hold out for better..."PAID" "CLOSED"
     
  2. DaveLV

    DaveLV Well-Known Member

    I wouldn't let an account charge-off if I could help it.
     
  3. javan

    javan Well-Known Member

    "Charge-Off" versus "Settled Charge-Off" versus "Paid Charge-Off" - they are ALL derogatory. None is better than the other

    IMHO, I would make a payment(if you can) to avoid the Charge-Off.

    Good Luck.
     

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