Kennedy Posted January 20, 2007 Report Share Posted January 20, 2007 Can a bank card, still report an account late every month, after it had already reported it, as a charged off account. If so, why? Link to comment Share on other sites More sharing options...
msfinance72 Posted January 20, 2007 Report Share Posted January 20, 2007 Unfortunately, creditors can still report an acct as "late" after it has been charged off...even though they have charged off, your obligation to pay is still past due... Link to comment Share on other sites More sharing options...
direred Posted January 20, 2007 Report Share Posted January 20, 2007 It's still late. Ergo, yes, they can. Link to comment Share on other sites More sharing options...
Kennedy Posted January 21, 2007 Author Report Share Posted January 21, 2007 Oh, I was under the impression, that once they "charged it off" and took that write off, that they couldn't apply any more activity on it. Link to comment Share on other sites More sharing options...
direred Posted January 21, 2007 Report Share Posted January 21, 2007 Nope, that's just moving it a line on the balance sheet. Your obligation doesn't change. Link to comment Share on other sites More sharing options...
Kennedy Posted January 21, 2007 Author Report Share Posted January 21, 2007 Thank you Link to comment Share on other sites More sharing options...
Recommended Posts