How can I have a charge off removed from my credit?

I am not wise on these things nut truly it seems unfair, I hope the above post helps you.

Hi MMeilstrup
Once charge off is listed in your credit report, it cannot be removed before seven years, even if you pay back the debt in full to the creditor or the collection agency. However, the listing will be marked as "paid charge off", after you pay off the debt, which is no doubt a better listing than "charge off", in spite of the fact that it will not improve your credit score. However, as per the new FICO model, authorized user's credit report will not reflect the payment history of the actual card holder and so this charge off listing will automatically come out of your report as soon as the new FICO model starts functioning.

Still will not help me out, I have things that will not fall off until 2011, hopefully my score will raise then.

It really isn't that far away GN. You really wouldn't want to deal much with the credit world as it stands now anyway. We have an economy under duress and any type of credit is rather risky at this point. I believe it will take a few years to get the mess straight that our government helped create. It is almost 2009 already so it is only 3 short years away.
You already applied and gotten approved for one credit card and that and time will be a boost to your score. The older the debt the less the impact so stop counting the days, they will pass by soon enough.

I hope so, I have been working on this for so long, I just wish I would have known the pay for delete stuff before I had paid these things off, it really annoys me that I could have had them off my report and did not.

One should always get the pay for deletion agreement is writing before paying off a debt in full. This is because, there are instances where a collection agency has agreed to delete a listing, but has not deleted the listing once the customer has paid off the debt. In such cases the borrower has no other option than to accept "paid" listing against the debt in the report. But if you have the agreement in writing, you can always dispute the listing with the credit bureaus and get it removed from the report.

Not much else to say Justin, you hit the nail right on the head, great job.

yep, great job Justin

Justin is a pretty awesome poster. I usually read all his responses cause he seems to know his stuff.

He has been here for a long, long time

I haven't been here long...close to half a year or so but I can tell you that I have learned more in those few months than I probaly learned in the last few years. So many people now I run into are always asking questions about credit ..now I can actually answer them.

Hi rebel,

You can get free credit report only once in a year from www.annualcreditreport.com. However, there's a new rule that allows you to pull free copy of your credit report if you get denied for a new credit card or a loan application.

Thanks,

Aaron

If your spouse's name is on the account that was 'charged-off', I don't think you can remove her name. The 'charge-off' will on BOTH of your CR's. However,..maybe you can try and call the lender, you have the 'charge-off' with and ask if it's possible. Usually 'charge-offs' stay on your credit for about 7-10 years.