Legal Question in Credit and Debt Law in California

Following my lay-off, my credit card companie noted on my credit report that my account had been "written off": however,they continued to contact me and worked out a payment schedule (direct deductions from my bank account) and forwarded a schedule via mail to me. Said schedule has been followed, but they hVE continued to indicate that thiw account is a "write off". What steps can I take to get the credit statement altered to show that payments as per a new agreement are being made. Is it even legal to collect aftrer iindicating that the debt has been "written off?" Thank you.


Asked on 11/11/09, 5:57 pm

1 Answer from Attorneys
Melvin C. Belli The Belli Law Firm

Unfortunately you got taken by your credit card company. Yes, they can write off your account as a bad debt as far as your credit report goes and still make a deal with you and collect the bad or written off debt.

I would have a discussion with your credit card company because I bet you only agreed to the payments with the understanding your credit report would not get adversely effected. They of course will deny that. If that were the case then they probably fraudulently induced you to make these payments in exchange for a good credit rating. This would be the key words to mention. In any event if they charged it off I would probably stop paying them and try to cut a deal for pennies on the dollar. Try 25% of what you owe. All they can say is no and they have already ruined your credit history.

Sorry your credit card company took advantage of you, be more careful next time they are crooks.

Hope that helps and good luck.

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Answered on 11/17/09, 12:17 pm


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