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Have you guys thought of trying a repayment plan yet? If you have money now, the best way to do this is to have a word with your carrier and set up a repayment plans. Make sure you explain your current financial obligations to your carrier before you agree for such repayments.
Need help with debt!
You probably made a payment towards this debt, which brought the balance down to 0. But, still your account has been charged-off by your creditor. So, it shows a charge-off account with a 0 balance on your credit report, which does an equal damage to your report like any other charge-off account with a balance. If you want to remove the charge-off account from your credit report, you will have to negotiate with your creditors. If they agree with your proposal, then you can make full payments. After repaying the debt, you may request to your creditor to remove the charge-off account from your credit report and update your account status as “Paid-in-fullâ€. This is because; charge-off account hurts your credit score adversely.
credit
It sounds like the 'fall off' date would have been in a few years. You could waited until the debt 'fell off' your credit. It always feels good to pay off debt..yep..I know!! However...the debt may say 'PIF' now,..however..it would still be on your CR unless you make some kind of arrangements with the CC company to remove that status.