ImaBird Posted February 19, 2008 Report Posted February 19, 2008 I have a charge-off that has been sold to a CA that is showing a balance with the OC.Is this right? The other charge-offs on my CR show a balance of $0.
willingtocope Posted February 19, 2008 Report Posted February 19, 2008 Charge off does NOT mean its been sold. And, CAs don't buy debts...junk debt buyers (JDBs) buy debts. Its possible this debt is still owned by the OC.
james442 Posted February 19, 2008 Report Posted February 19, 2008 I would ask for deletion.you shouldn't have a balance after a charegoff.
andrena67 Posted February 20, 2008 Report Posted February 20, 2008 Except cap 1.. It shows chargeoff and they are still charging interest.. since 2004/05
gypsie Posted February 20, 2008 Report Posted February 20, 2008 I would ask for deletion.you shouldn't have a balance after a charegoff.not true, charge off is only an accounting term. It means nothing. The debt still remains and the OC can continue to report the balance for the entire reporting period.
ImaBird Posted February 20, 2008 Author Report Posted February 20, 2008 Well, it's Sears showing a balance and LVNV (yea!) also showing a balance ($1 more than original balance...)...so I suppose WTC is right...
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