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annoyed107

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Transunion Derogatory Collection/Charge Off _ Open Meaning?
Why does it now say "derogatory" on Transunion? Also if it is in collections yet says "Collection/Charge Off" does that mean they are going to 1099 me or are they going to keep up with collections? This is a matter that has been disputed yet that is not marked.

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Your question is best directed to the company of which you owe.  It is up to them if they file a 1099 or pass the debt off to someone else to attempt to collect it.  Charged Off merely indicates they wrote off the debt and gave up trying to collect for whatever reasons.   If they claim it as a tax deduction, they file the 1099.  if they do not claim the deduction, you won't see one.  Although the choice is theirs and theirs alone to make.

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