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Jasso20

Best way to tackle Charge-Offs with Balance?

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I have a couple of these I want to tackle. I am currently paying them down with Green Path, but slower than I would like. 

 

Is it common for creditors to accept a form of PFD if I were to pay a lump sum on some of these balances? I am trying to purchase a car and these charge-offs are really holding me back. I am about to pull my reports to see exact dates and everything. Just looking for the best way to attack. 

 

Or if someone can point me in the right direction, I may have missed while searching, I would be forever thankful. 

 

Thank you!

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How to handle depends on Type of Creditor; When was Date of First Delinquency and never Caught Up, what is SOL for your state?  

 

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3 hours ago, Glacier said:

How to handle depends on Type of Creditor; When was Date of First Delinquency and never Caught Up, what is SOL for your state?  

 

Chase Freedom

Chase Southwest

Capital One Platinum

 

Where is the best place to find the DOFD? Also, I've been with Green Path and paying them on time for about 8 months now. But, there was the charge off's there when I got behind a few months. I am in Iowa, the SOL is 7 years. 

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49 minutes ago, Jasso20 said:

Chase Freedom

Chase Southwest

Capital One Platinum

 

Where is the best place to find the DOFD? Also, I've been with Green Path and paying them on time for about 8 months now. But, there was the charge off's there when I got behind a few months. I am in Iowa, the SOL is 7 years. 

Ordinarily, the BEST place to find DOFMD is in your file cabinet where paper statements would be in a file folder.  Barring that, you need paper reports directly from the four major bureaus.  You then match that data up with your bank records.

 

I'm guessing Green Path is one of the third-party screw-everything-up debt management companies- if an account was not already charged off when those companies were hired, you can bet it gets charged off not long after.  If that is the case, then it is all but guaranteed that accounting will be screwed up and that the limitations expiry for litigation has likely been prolonged (although you will need to review the statutes for your jurisdiction to know for sure- I don't practice in Iowa and I am not going to go digging through the statutes and case law applicable to that State).

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2 hours ago, legaleagle2012 said:

By paying for the last 8 months, 99% chance you reset the SOL.

He may have reset the SOL for collection, but if the accounts were already charged off, it was not reset for credit reporting.  

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