The Motley Fool Discussion Boards
Personal Finances / Credit Cards and Consumer Debt
|Subject: Re: Paid Charge Off Rant||Date: 1/9/2001 12:42 PM|
|Author: nomorecards||Number: 53520 of 309316|
"Like you I have a charged off account that I am paying off fairly fast. But I go back and forth some times about whether it's worth it do if this derogatory data will remain in my file for x number of years and affect everything from apartment rentals to opening up new savings accounts even after it has been paid off! "
It may seem like it's not worth the trouble of paying it off But, think about this....
The only thing that will secure a mortgageor any future is the bottom line which is a "0" balance
make a deal with the creditor that if you want my money then I want it reported as a paid charge off...
My 2 cents FWIW
and remember free advice worth every penny!
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|