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OC says card going to be charged off


free1
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I sent the OC a settlement letter that they signed for this week Thursday. I talked with the collections dept. on Wed. to inform them of the letter that they would be receiving. She said the account was being charged off (account is 6-7 months late) after this Friday if I did not make a payment by phone before the end of today (Fri.) I told her I would not do that & they could stop it from being charged off & settle with me after they received the letter. She disagreed. What recomendations do you guys have?

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OC's will not settle on an "open account" (ie: you pay less than you owe). They are also bound by law to report the charge off after 180 days (210 max if your billing cycle falls on an off day).

So unfortunately, that rep was right in this case.

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