Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV
Call (Toll Free)
Community Area
Get FREE Counseling


Helpful Resources
Popular Discussions
Creditmagic Twitter
Credit on Facebook

charge off on credit report from car that was stolen

Post reply  Start a topic
Author Message
Print this topic
Invite a friend
Email this topic
  Bookmark online
Add to
Add to YahooMyWeb

Subject: charge off on credit report from car that was stolen
Posted on Tue Aug 03, 2010 5:58 am  

i had a car stolen from me in 2007, the insurance company offered a settlement to the finance company. the car was recovered and insurance company ownes the car. i have a charge off on my account due to that. can i dispute this and have is removed from my credit?


Joined: 08 Feb 2010
Aaron's page
Posts: 2632

48565 Magic Points

Subject: charge off on stolen car
Posted on Tue Aug 03, 2010 9:29 am  

Hi Lefty,

If you owe this debt this can't be disputed. You will have to pay off the debt to remove the charge-off from your credit report. However, for that you will have to request the insurance company to pull back the account from the collection agency. Once the insurance company pulls back the account, you can negotiate a payment plan with the insurance company. Also request them to agree to a "Pay for delete" (PFD) agreement. With the PFD the charge-off will get removed from your credit report.


Keep in touch Smile

Quick Reply
Your Name
Message body
Page 1 of 1

Delete this topic Move this topic Lock this topic Split this topic 

Page loaded in 0.030 seconds.