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Question By
Cosmonot20

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0 People Helped
How to handle this acct. I'm baffled.
Last Reported Sep 30, 2016
Creditor Name FIRST BANK
Account Type Lease
Account Status Closed - Derogatory
Opened Date Sep 07, 2005
Closed Date Jun 29, 2013
Limit --
Term 48 Months
Monthly Payment $233
Responsibility Individual
Balance $1,346
Highest Balance $599
Payment Status Collection/Charge-Off
Worst Payment Status Unknown
Date of Last Payment --
Amount Past Due $1,346
Times 30/60/90 Days Late 0/0/0
Remarks Charged off as bad debt
Profit and loss write-off

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Top Contributor
1006 Contributions
557 People Helped

If that account do belong to you and its reported correctly? then there really nothing to handle really. The bottom two lines tells you they won't pursuit you for that debt and no further action would be taken. You probably just need to ride it out till it rolls off your report in about 7 years from the date your last payment. You can either contact original Creditor or Credit Bureaus to find when is the Date Of First Delinquency or when it's due to roll off. 

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