Yawo64 Posted October 31, 2013 Report Share Posted October 31, 2013 Hello,I need some help in checking whether this TL from PNC - Bank is reporitng wronglyExperian Report fragment in May 2013: http://imageshack.us...2/9466/43h1.jpgExperian Report fragment in October 2013: http://imageshack.us...arge/4/80gj.jpgThese images refer to a PNC Bank card (formerly National City) TL. It was charged-off in 2010. After numerous PFDs have failed since then, I paid off the account in full in March this year (2013). Now Experian has tagged the account as "Charged-off" in March 2013 - this is incorrect since the account was actually charged-off in 2010 - but I understand that this is normal reporting to have it tagged as Charged-off. The second issue is that Experian / Equifax are now reporitng the account as "Settled" or Paid in full for less than full balance - as shown in the second picture. This is wrong since I paid the charged-off amount in full. Should I dispute this with the CRAs or with PNC bank directly (via direct dispute)? Thanks - Yy Link to comment Share on other sites More sharing options...
willingtocope Posted October 31, 2013 Report Share Posted October 31, 2013 Did you pay the amount that was charged off, or the amount charged off plus interest up until the date you paid it? If the former, then its being reported correctly. Interest and penalities don't stop on the CO date... Link to comment Share on other sites More sharing options...
Yawo64 Posted October 31, 2013 Author Report Share Posted October 31, 2013 I wasn't sure whether interest was included or not - the bank told me the total charged-off balance was $273, and I paid and they sent a letter to me that account paid in full with a zero balance. Hence, not sure how the paid less than full balance comes in. thx - Yy Link to comment Share on other sites More sharing options...
willingtocope Posted October 31, 2013 Report Share Posted October 31, 2013 If their letter said "paid in full" then you might be able to dispute their TL with the CRAs. Did you pay $561? Link to comment Share on other sites More sharing options...
Yawo64 Posted October 31, 2013 Author Report Share Posted October 31, 2013 The high balance was $561, and I made payments towards it, until $273 remained and got charged off; So, I merely contacted them again, and paid off the charge-off amount. Link to comment Share on other sites More sharing options...
willingtocope Posted October 31, 2013 Report Share Posted October 31, 2013 Then it seems like they should be reporting "paid in full" to the CRAs. You can try calling them or better yet send PNC a letter CMRRR including a copy of their letter and pointing out they are reporting inaccurately.elp a little. This isn't going to make a huge difference in your scores (the CO "event" won't go away) but it will h Link to comment Share on other sites More sharing options...
admin Posted November 2, 2013 Report Share Posted November 2, 2013 Even if it's been reported accurately, you can still dispute. Link to comment Share on other sites More sharing options...
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