Charged off accounts remain for seven years on your report starting from the date of initial missed payment, which led to charge off.
This will remain even if payments are later made on the charged off account. However paying it off will definitely improve your score within some time after getting reported.
Steve
Beverly44 Guest
Posted: Sat May 27, 2006 2:32 am Post subject: credit
I was told that after a Chapter 13 bankruptcy ,creditors must treat you the same as paying off the debt instead of showing it as charged off . Any truth to that?
Posted: Sat May 27, 2006 2:56 am Post subject: RE: Chapter13 and charge-off
Hi,
Whatever you have heard of is quite true in case of Chapter 13 bankruptcy. You will find related information in this section provided by Samantha.
Thanks,
Caron.
Seprina Guest
Posted: Sat Jun 03, 2006 8:37 am Post subject: credit scoring charts
I would like to know if anyone has a chart that shows what percentages of, say late payments, are of a credit score. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
Posted: Sun Jun 11, 2006 6:25 am Post subject: charge off
In regards to charge-off accounts I had a couple of them on my credit report due to a divorce, its been 6years now looks like they will be off in 2007. I watch the Suze Orbitz show on building credit. She suggests not to pay off charge off because it might lower your score and not help you and could be worse can this be true?
Anamarie Guest
Posted: Sun Jun 11, 2006 6:44 am Post subject: What's the perfect score
What kind of score is needed to open credit cards at department stores. And or what kind of score is needed to purshase a home? Is it the same score needed?