Reply to Can't rent because of a charge-off...what can I do?

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Reply to "Can't rent because of a charge-off...what can I do?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If dh has a high enough income why didn't you all just pay the bill?[/quote]

We didn't have a high income back then, and it was a pre-marriage personal card I didn't pay. I got in over my head with my baby expenses, then developed PPD and was overwhelmed by everything. Big mistake that I'm trying to rectify. [/quote]

How much money was it?[/quote]

Under 2k. I just didn't have it.[/quote]

So they just write it off? Doesn't that take years to happen? Aren't you supposed to make tiny payments until paying it off. I'm not sure how you instantly got this debt written off.[/quote]

I think I have the flow right...Luckily for me its been 15 years...

Credit card debt (always shows on report)
Late/no payments (affects score)
Card "charged it off" (deemed it uncollectible, shows up on the credit report)
Sells to debt collector (shows up on report)
OP pays full amount or settles with debt collector (on report)
Marked as paid in full (on report)

All of this stays on the report for 7 years.[/quote]

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