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CO Account Also Reporting a Balance


cv91915
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If an account reports as charged off:

 

Status: CHARGE-OFF

 

Can it also report with a balance/balance past due, as this tradeline does on my EFX report?

 

Balance $1,XXX

Amount past due: $1,XXX (Same amount)

 

This is probably CB101, but I somehow failed to absorb this in the past 18 months.

 

 

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If an account reports as charged off:

 

Status: CHARGE-OFF

 

Can it also report with a balance/balance past due, as this tradeline does on my EFX report?

 

Balance $1,XXX

Amount past due: $1,XXX (Same amount)

 

This is probably CB101, but I somehow failed to absorb this in the past 18 months.

Yes, a CO can report a balance.

99% sure that the OC can report the entire amount of a CO as being PD.

 

If a CA starts reporting the debt, the OCs trade line will remain but the balance/PD fields must be updated to show $0.

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If an account reports as charged off:

 

Status: CHARGE-OFF

 

Can it also report with a balance/balance past due, as this tradeline does on my EFX report?

 

Balance $1,XXX

Amount past due: $1,XXX (Same amount)

 

This is probably CB101, but I somehow failed to absorb this in the past 18 months.

Yes, a CO can report a balance.

99% sure that the OC can report the entire amount of a CO as being PD.

 

If a CA starts reporting the debt, the OCs trade line will remain but the balance/PD fields must be updated to show $0.

 

OK, thank you. That's what I recalled, but I was hoping someone would remember a different (ahem, more favorable :)) answer. And be correct, of course!

Edited by cv91915
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