How can they say charged off as bad debt!!?

My now X-husband and I filed bankruptcy in 2000, mostly all medical, and a joint credit card. I had a credit card of my own I decided to keep, I always paid it on time, never went over the limit. I paid off my credit card completely, and then the cc company canceled me because of the bankruptcy. That was fine with me; I figured at least the CC would show good on my credit report. I had a gas card that would help me rebuild my credit. I did get another CC later down the road, which helped me a lot to repair my credit.

It had been awhile, so I decided to check my credit report. I seen on my report there was a CC that showed a zero balance, but said, 鈥淐harged off as bad debt鈥?I am mad. How can they say bad debt? I paid it off, and my payment history was always good with them. They are the one鈥檚 who canceled me, I want to dispute this, but what is the point, it shows it will be off my report this August.

My credit is much better, but grrr, there is always something that comes back and bites you no matter how hard one tries.

I guess this is more of a vent then a question..

How can they say charged off as bad debt!!?

Did you re-affirm the credit card during the bankruptcy? If you did not list it on your liabilities, but also did not re-affirm it, then it was included in the bankruptcy whether you wanted it to be or not. You may be able to get the creditor to take the %26#039;charged off as bad debt%26#039; notation off of your credit report, but it will be up to the credit card company.

If you did re-affirm the debt, then write the creditor asking them to validate the debt, including any and all charges and payments that were made. If you can prove that they have not credited you with payments that were made, show them that it was paid off, and they should remove the notation.

Here is a website that has sample letters and a process to follow: http://www.creditinfocenter.com/rebuild/...

How can they say charged off as bad debt!!?

The credit card company can say %26quot;charged off as bad debt%26quot; because of the bankrupcy. Eventually this will come off your credit report.

How can they say charged off as bad debt!!?

Everyone thinks Bankruptcy is this painless panacea that will simply wipe the slate clean. Your attorney probably even touted the wonderful benefits of this cival action. Now, you see why it%26#039;s not such a great thing.

How can they say charged off as bad debt!!?

aj485 is correct.

How can they say charged off as bad debt!!?

You are right that you probably should just leave it alone, as %26quot;charge-off%26quot; stays on your credit report for 7 years so it sounds like it will go away soon. I wouldn%26#039;t dispute it now just in case the last activity resets the clock. Your bankruptcy will stay for 3 more years so you will have to deal with that for a little longer. This website has more on credit reports and how long negative marks remain on them:

http://triceiver.com/CreditReport.aspx

Next time make sure %26quot;you%26quot; cancel the account and your report reflects that. %26quot;Account closed by merchant%26quot; is not as goog as %26quot;account closed by consumer.%26quot;