so i've learned that "charge-offs" look bad on your credit report. what exactly are they and how do you get rid of them? (i ask because i have a couple on there after my 13).
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chargeoffs are a definite blight on your credit report...the company charges off an account essentially when they have determined the debt is not collectable. -
We have charge off on our reports....all our medical bills show as that. I have disputed them all different ways, no such luck. After all the disputing...I at least have them reporting as IIB, with a zero balance, so at least they are not active.Comment
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i figured if they got paid off during a 13 then when you were discharged it would show paid. probably wishful thinking. i'm a little irritated that sallie mae chose to report my sl's as defaulted and remarked "charged off" when i didn't even consolidate the damn things to begin with. i've been intending to pay them directly (my deferrment still has 4 months to go) right from the very beginning and now there's another bad mark on my record for good intentions. blows my mind...Last edited by tictacsir; 07-26-2006, 08:21 PM.Comment
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