steveo_41292003 Posted July 25, 2007 Report Share Posted July 25, 2007 so i got the tu report and see a charge off from verizon with a zero ballance!dose this even look right?VERIZON WIRELESS #omhxxxxxxxx PO BOX 1850FOLSOM , CA 95630Balance: $0 Date Updated: 11/2004 High Balance: $293 Past Due: $0 Pay Status: >Charged Off as Bad Debt< Account Type: Open Account Responsibility: Individual Account Date Opened: 12/2001 Date Closed: 08/2004 Date Paid: 08/2002 Loan Type: Utility CompanyRemark: Purchased by another lenderEstimated date that this item will be removed: 12/2008 Link to comment Share on other sites More sharing options...
swirlgirl Posted July 26, 2007 Report Share Posted July 26, 2007 Yes, this is correct. When a debt is charged off, the OC is in effect wiping it off their books. So, it shows as zero. Have they sent it to a CA yet? Link to comment Share on other sites More sharing options...
steveo_41292003 Posted August 3, 2007 Author Report Share Posted August 3, 2007 no i dont think so! anything i can do? Link to comment Share on other sites More sharing options...
newbie7069 Posted August 3, 2007 Report Share Posted August 3, 2007 Yes, this is correct. When a debt is charged off, the OC is in effect wiping it off their books. So, it shows as zero. Have they sent it to a CA yet?Charge off and wiping it off their books entirely don't always go hand in hand, so that statement is not entirely correct.The TL lists that it has been purchased by another lender, so the balance would be 0. Link to comment Share on other sites More sharing options...
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