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Posted in Auto Loans
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Question By
mjclifford

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Why is a loan that was charged off several years ogo appear as open and in collections status.?

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It is typical to have a charged off account that is an open collection. Just because the original account has been deemed uncollectable it does not mean that the collection account has been given up on.

Reply by
itsme229

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I have 3 small student loans listed as open/ charge off, collection. All of them are being paid as agreed for almost 2 years thru Great Lakes. Is there a way to get the charge off/ collection off my credit report? 

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