I have 2 such credit accounts that were charged off and closed. There is another that was charged off and closed yet it is not listed under "past due". I mean, are they still racking up # of months past due even as they're closed? Isn't this affecting my credit doubly? I know the charge offs and closed accounts have to stay but this past due classification seems a little misleading. Should I contest?
2006-10-05 08:45:05 · 2 answers · asked by Anonymous in Business & Finance ➔ Credit
even though the card has been charged off and closed by the credit grantor...there can still be a past due amount owed....the biggest thing to remember is a charge off or collection account can only hurt you for a maxium of 2 years...after that it will still show on your report but is no longer going against your score and by making a payment on a old account you can update you "dla"..(date of last activity)..and the two years will start all over again......if you have any more questions feel free to email me at becca9892003@yahoo.com
2006-10-05 08:49:58 · answer #1 · answered by becca9892003 6 · 0⤊ 0⤋
It in actuality means that she did no longer pay on it and it replaced into charged off by using the enterprise yet which you nonetheless do owe it. undesirable mark on her credit record. those fee offs proceed to exist her record for as much as ten years i've got faith or it may be 7. maximum possibly, those mastercard agencies have already grew to become those bills over to a sequence employer that still will flow on the credit record.
2016-10-18 21:17:39 · answer #2 · answered by ? 4 · 0⤊ 0⤋