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05-03-2013, 04:06 PM | #1 | |
Newbie
Join Date: May 2013
Posts: 2
Rep Power: 0 |
Quote:
Thanks for the reply. I listed everything in the packet so that should be ok. The charged off status means basically that the bank stopped trying to collect on the debt and just cut their losses. It is on my credit as a debt thats charged off, but the bank will not take a payment on it and it just sits on my credit until the time comes for it to be removed. It was 5 years ago and it should be removed within a few years from now. The credit cards I have are being paid and one of them is actually in closed status but I am paying the debt on time, and am in the process of a settlement to just pay off the balance.( $400). Good info though, makes me feel a little more at ease. I just did not want to get to basic or A school and then be told I need to reclass because I was denied a clearance. |
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