How to remove charge offs from your credit report
There are possible ways to remove charge offs from your credit report.
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Having charge offs on your credit report is not a good thing. Though they show that you no longer have to pay the creditors, they also show a bit of irresponsibility. Therefore, let's take a look at how to remove charge offs from your credit report.
First, look at your credit report to find the information on which creditor is holding you accountable for the debt. You should be able to find a contact number for them. Also, when you look at your credit report, there should be an account number pertaining to the line of credit your held with them. You will need this along with your social security number to help the representative find your account.
When talking to the charged off company's representative, negotiate about what you can do to have the charge off removed. They may require you to
pay some extra money, so be ready to negotiate with them on what would be a fair amount.
Once you come to an agreement on what to pay, have them agree to have the charge off status removed from your credit report. Then have them email you or send a letter of confirmation concerning the agreement with their contact information included. This way you have somebody to hold accountable if they forget to update the “charge off” status with the credit reporting agencies.
Once you pay them, check your credit report within 60 to 90 days to see that the account says “paid as agreed.” If the account is not updated, ask them when you should see an update pertaining to the agreement stated in your letter of confirmation?
Do these things for each charge off on your credit report. After you see the accounts stating “paid as agreed,” you should see an increase in your credit score within 60 days or less.Source: www.examiner.com