angielynne Posted January 30, 2008 Report Share Posted January 30, 2008 HSBC was just listed as a charge off (paid) on all three Reports. It didn't have any late pays listed just a Charge off in Aug of 2006. This morning, they reported to Equifax 120 day late pays from Jan 06- Sep 07 where they show the charge off. Then they are reporting to Experian no lates and a charge off in aug 06. Can they do this? So they changed their reporting, but how can they report to Experian with a charge off in 06 and then to Equifax with a charge off in 07? Don't they have to match. This was sold to Palisades and then settled and I've actually got the Palisades deleted, but this one is being a HUGE thorn in my side. Link to comment Share on other sites More sharing options...
willingtocope Posted January 30, 2008 Report Share Posted January 30, 2008 Charge off is one of those weasal word things that doesn't mean what we think it does. In fact, it has two different meanings on credit reports. First, it means "charge against income for profit and loss purposes", which creditors usually use to indicate that they've balanced their books and recognized that its likely they won't get paid. Doesn't mean squat to us...they still own it, we still owe it, they can still try to collect.Second, it means "write off / sold to another lender" which is when they finally give up and sell it to a junk debt buyer.This is all because credit reporting is computerized...and the company doing the reporting has a limited number of options. Link to comment Share on other sites More sharing options...
NYSWEETY01 Posted February 5, 2008 Report Share Posted February 5, 2008 Hi There,How did you manage to get Palisades deleted? I was successful with my own reports and now I am cleaning the DH's. I am willing settle only for a PFD but did you settle with HSBC or Palisades? Link to comment Share on other sites More sharing options...
Recommended Posts