Charge off

I have a charge off with credit union account due to drop off credit report 6/16. I've call them a few times but all they do is give me a number to a collection agency! They refuse to talk to me about the account! The OCA is no where listed on any of my credit reports. I refuse to call them! Is there anything I can do since original creditor doesn't want to work with me to resolve the account?

Wifey32 wrote:
I have a charge off with credit union account due to drop off credit report 6/16. I've call them a few times but all they do is give me a number to a collection agency! They refuse to talk to me about the account! The OCA is no where listed on any of my credit reports. I refuse to call them! Is there anything I can do since original creditor doesn't want to work with me to resolve the account?If you cant get the CU to deal with you not much you can do to force them. If their collectors are not reporting I might give them a call and make a deal to settle in exchange for not reporting their TL. If this is past states SOL I would settle for less than full balance, however if the CU isnt updating it monthly now I think I would let it lay till its off your CR then make overtures to settle. If they update and it hasnt updated in awhile its going to drop your Fico score.

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Error: Reason codes with automatic charge-off are not permitted here(F-28)

Hi All
I creted a reason code in obxl t-code and assigned a gl code in OBXL transaction code, But when I am trying to clear a payment with reason code in F-28, System is throwing the following error..Can some one tell me why i am getting this error?
Reason codes with automatic charge-off are not permitted here
Message no. F5605
Diagnosis
The reason code entered is designed to ensure that the payment difference amount is posted to an account specially set up for this purpose. Postings of this nature usually require additional specifications (e.g. tax code, business area). If the difference stems from a single open item, the necessary specifications can be taken from that item. In the case that led to this error message, however, the difference does not stem soley from one item, which means that this method cannot be used.
System Response
The reason code entered is not accepted.
Procedure
You can either select a different reason code, which would create a new open item for the customer or vendor OR write off the difference using the function Charge off diff.. This function either takes you into a pre-configured account assignment model or into the document overview. From here you can enter the required difference postings.

Hi Venkata,
It seems while entering the payment (partial payment / residual items) ... you are clearing multiple items with differences. (e.g. if the difference amount is $30, then may the difference consists of two invoices underpaid by $15 each). In this scenario, F-28 doesn't know which additional account assignment fields should be picked up ... hence the error.
First of all, to validate that this indeed is the case, try clearing a payment with the same reason code where difference can be attributed to a single invoice. If you still get an error, then there is some other problem.
Then, to take care of a the business scenario where the difference can indeed be due to multiple documents, select "charge off difference" option and create an entry to post the difference as necessary.
HTH,
Manish Patel
Sr. SAP Solutions Consultant

HT1386 my Ipod will not connect to my computer it worked yesterday but not today and it is only a new ipod touch, it will not even be recognised on my itunes but yet it can charge off my computer. need help!

it worked yesterday but not today and it is only a new ipod touch, it will not even be recognised on my itunes but yet it can charge off my computer. need help!

iOS: Device not recognized in iTunes for Mac OS X
or
iOS: Device not recognized in iTunes for Windows

HT1689 I tunes store double charged me for two songs, how do i get them to reverse the double charges off my account? also one song wong load on my iphone but i got charged for it anyway?

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I-Tunes Store double charged my account for two songs i downloaded on my phone,
also a song i ordered wont load to my phone but i got charged for it anyway? how do i get ahold of Itunes store to reverse these charges off my account?
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Connect the device to the computer.
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T code F-44 - Tab " Charge Off Diff " - Balancing field "Profit Center" in

Hi Gurus,
Some vendor account has small CREDIT balances ( ignorable value line 0.50 paise, 0.15 paise ) which needs to be transferred to profit & loss account.
Advised client to Use F-44 and tab "Charge Off Diff".
While saving the entry, System throws a below error :-
Balancing field "Profit Center" in line item 002 not filled
Message no. GLT2201
Then, I assigned a default profit center on VENDOR RECON account ( T code 3KEH ).
But, still system throws a same error.
Pl guide
Tks in advance
tks / Devi Aparna...

Dear Nkonnipati,
Have a GL - Payment Diff a/c - 679999 which is assigned in FBKP already.   But, have not ticked the 'Post Automatically only".
Tried to clear Vendor manually using F-44.   Facing the above said error.
After getting your reply,   have ticked " Post Automatically only " and tried to clear.
Got the below entry while stimulation.
    PK BusA Acct                               INR   Amount        Tax amnt
001 34 TN99 0000002420 VISHVADEVI ENGINEE             0.13-
002 27 TN99 0000002420 VISHVADEVI ENGINEE             0.13
Here also i got the same Profit Center Issue error.
But the GL - Payment Diff a/c - 679999 not selected...
Where i am mistaken. Pl guide.
tks / Dhamo

Charge off difference whening clearing customer open item with bank receipt

Hi,
Our company users will use F-32 to clear customer open item with bank receipt, sometimes, our invoice is 100 RMB issue to customer, the customer finally pay 99.98, then in F-32, we use charge off difference to post 0.02 difference to a account.
The user then want to control this, saying for example, if the customer pay only 90, whening using charge off differnce, the system will pop up a error message.
Can this be done in SAP, or we need to use user exit, then which user exit?
Thanks.

Dear,
This is done through customer tolerance group using transaction OBA3. Here enter the maximum amount in Loss under the Permitted Payment Differences. you are able to hold tolerance for customer clearing.
Is this what you wanted?
Regards,
Chintan Joshi.

F-28 - Line item for customer charge off difference is going to dummy PC

Hi
In F-28 when we are making partial payments to customer and charging off the difference to the same customer account. The Charge off customer line item is going to dummy profit center after doing F.5D and 1KEK.
Business dont want to use residual item option as they want to see the balance amount in the customer open item display.
We are using posting key 06 to charge off the same to the customer, and i changed the FSG as profit center required but in F-28 i cannot see the field of profit center and the amount is sitting in dummy profit center.
This is the problem.
Thanks
Kumar

Hi
When we raise a invoice Dr. Customer and Cr. Revenue and when we make customer payment the entry is Dr. Bank and Cr. Customer account so here the net entry will be Dr. Bank and Cr. Revenue.
When i do F.5D the balance sheet adjustments the profit center assigned to my bank account will go the customer account and regarding 1KEK only the open items of AR and AP will go the respective profit centers based on the revenue account and this revenue account which is a P&L account will not have any profit center assignment this account will get the profit center assignement from the cost account assignment if it is internal order then what is mentioned in the internal order that will be the profit center.
In my case when i am trying to post
Dr.Bank - 200
Cr. Customer 280
and Dr.Customer 80
So the net effect is Dr. Bank 200 and Cr. Customer 200 and gets cleared with the profit center assignend on the bank account. but the other line item entry Dr. Customer 80 has no offsetting entry like GL entry so this is sitting in dummy profit center.
Why i am doing this is
When we go to F-28 to make partial payments, after doing the partial payments we only want to see who much is open ( which is net that is invoice - partial payment) only against the document in the due course this is going to dummy as such customers will not have any profit center.
So is there any solution to solve the problem instead of going to dummy or is there any other process.
Thanks
Kumar

Advise on how to remove paid charge off

Looking for any advice on the best way of handeling this. I have a old paid charge off on my credit report that is scheduled to drop off in early 2016. I would love to get this removed early, but not sure if it is worth it. Is it really affecting my credit score at this point? I have read in several forums that when older than 48 mos it doesnt factor much into score. Is writting a goodwill letter to the original creditor the best way to go to get it removed? If I do send one to the OC do I have to send one to the collection agency as well to have them remove it also? If I sent a gw letter could there be any negative consequences? If they dont remove it, could they update the most recent activity date, since I contacted them? I know I posted alot of questions- any help is greatly appreciated.

jeeptrailmaster wrote:
Looking for any advice on the best way of handeling this. I have a old paid charge off on my credit report that is scheduled to drop off in early 2016. I would love to get this removed early, but not sure if it is worth it. Is it really affecting my credit score at this point? I have read in several forums that when older than 48 mos it doesnt factor much into score. Is writting a goodwill letter to the original creditor the best way to go to get it removed? If I do send one to the OC do I have to send one to the collection agency as well to have them remove it also? If I sent a gw letter could there be any negative consequences? If they dont remove it, could they update the most recent activity date, since I contacted them? I know I posted alot of questions- any help is greatly appreciated.A CO always affects your Fico the entire time its on file, the ding lessens with age once it stops monthly updating. Sometimes a creditor interprets a GW letter as a dispute and will update the TL brining the account status date current and it can affect the Fico score if that happens. One should avoid all references to disputes in a GW. Since this is coming off in early 2016 you may choose just to wait and ask for early exclusion 6 months out on TU and 3 months out on the other 2 CRAs. Your choice, sending PFDs, GWs or any other letter is always a calculated risk. Welcome to My Fico

My iPod 4 is charging but it only charges off what do i do

my iPod 4 is charging but it only charges off what do i do

Not Charge
- See:
iPod touch: Hardware troubleshooting
iPhone and iPod touch: Charging the battery
- Try another cable.
- Try another charging source
- Inspect the dock connector on the iPod for bent or missing contacts, foreign material, corroded contacts, broken, missing or cracked plastic.
- Make an appointment at the Genius Bar of an Apple store.
Apple Retail Store - Genius Bar

Nevada: SOL & Old Charge Off

Hey all, and pardon me in advance for my ignorance.
Long long time lurker, minimal poster.
I have a U.S. Bank C/O which was charged off in 12/2011.
On myfico it only shows my payment history back to 1/2010, in which it hasn't been paid. I left US BANK I'm sure in 2008/early2009 when I advanced my Career and switched to USAA.
My credit reports show an estimated "Fall Off" date as May 2016 for one bureau and July 2016 for another.
My question is, if the first date of delinquency is in fact within, 2009, with Nevada having a 6 year SOL, Shouldn't it be falling off of my reports this year in 2015?
I've been gearing up for a mortgage in early 2016 and going over my credit reports this was brought back up to my attention. Should I contact the OC and get the exact DOFD? The Credit bureaus? myFICO only goes back to 1/2010 and my last payment was before that date.
Any responses are appreciated.

SOL only determines how long you can be sued in court, no bearing on reporting. Report time is 7.5 years max for a charge off or collection.p

Advice on getting a Charge-Off Removed after 1099

I have a charge-off on my credit report that I received a 1099 on last year with event code H, I properly filed it with my 2014 tax return. DOFD on the account is 10/2008, the account shows as a charge-off closed account with the balance listed. What is the best approach to getting this removed from my report asap? Do I need to approach the credit with a pay for delete offer even though I've recieved a 1099? Greatly appreciate the assistance.

Rattenwriler,
Before taking such drastic measures as recommended below there are a few much simpler things to try. I would first do a Super-zap of your Parameter RAM. This will force the firmware to reset to factory defaults. To do it you press power if your system is off, or if you're at the never ending spinning gear, then press Command Control and Power simultaneously, then press and hold the following four keys: Command (Apple)Option+pr. Hold them down and the system should chime, your screen might flash and then go dark again, this is normal. Wait, continuing to hold the keys until the chime sounds four times.
If you can get the system to boot, say onto your installation CD/DVD or any version of Mac OS X, you can start the installation procedure by acknowledging that you want English, the run Disk Utility from the Utilities Menu. Do a full repair and permissions repair on the disk. Alternatively, if you have Apple Care support, you should have a copy of a limited version of TechTool Pro CD in your materials. You could boot from that, and let it diagnose your iBook. That will help determine if the problem is actually with your drive, or maybe a faulty RAM module instead. Another tool that is several years out of date, but still works, is Norton Systemworks for Macintosh. The bootable CD supports both OS9 and OS10, as long as the drive is formatted with Apple's Disk format (Pre-Intel), so it is useful for G3's G4's G5's and non-GUID formatted external drives for Intel Systems. Any of these tools should be able to repair your system.
Of course, since you already ordered a replacement, you can wait until the new system arrives, then boot your iBook into Firewire Target disk mode as mentioned by the other guys, and connect it to your new system. You want to ensure that the blinking Firewire symbol is on your screen before you connect the cable between the two systems.
Good Luck!

Sold charge off reporting as a partial payment agreement?

Two years ago my cc company said I made a late payment and raised my interest rate. I called them and explained that I did not make a late payment but they refused to lower the payment or interest rate and then locked me out from making anymore payments. A few months later I recieved a letter saying they charged it off. This was in 2013. Now I am trying to get a mortgage. My home counselor pulled my credit report and my "charge off" is reported closed by me and sold to another lender. The other lender reports an open balance under a partial payment agreement. I've never even heard of this company, forget about having entered a partial payment agreement with them. Is this grounds for removal from the CRA?

Taking of a charge-off does not excuse the consumer's continued obligation for the entire debt.If the creditor sold the debt to another, that party can attempt to collect the entire amount.The purchaser can report their collection to the CRAs without prior notice to the consumer. Whether there is additionally an existing payment agreement/plan is a separate issue.

Charge off on Credit Report

I first opened my Fios account in 2011, while pursuing my college degree. This same year, my father, who had been helping me financially with tuition and expenses was diagnosed with a rare cancer known as Multiple Myeloma, and was no longer able to work as he had to undergo a bone marrow transplant and chemotherapy. Over the next year, without my father’s financial help, I became disorganized with respect to, as you saw, making timely payments with Fios. At the end of school, I cancelled my bill, and failed to pay my last bill. I fully recognize my responsibility with respect to payable accounts and have worked diligently to rehabilitate my relationship with Fios since that time. As you may see in my records, I have since paid the amount owed, and reopened an account which is currently in good standing
To be honest, those years were a "wake-up" call for me regarding fiscal organization. Since then I believe I have learned the essential organizational and financial management principles I desperately needed at that point. Thankfully, responsible credit management is now reflected in my credit records which -- excluding the paid charge off entry from Fios during my time of hardship -- are excellent. I wish to thank you for renewing your confidence in me and for giving me a second chance at a relationship with you, one that I am determined to keep spotless.
I am now, with my fiancé, about to shop for a mortgage, and refinance my car. It has come to my attention that the paid charge off from Fios, despite having been only $130, will preclude me from taking full advantage of the very lowest interest rates now available. The impact of a $130 mistake when I was in college, will likely cost me upwards of $50,000 over the course of the loan. Since those notations do not reflect my current status with Fios, I am requesting that you give me a second chance at a positive credit rating by removing that old trade line. I sincerely hope that there is redemption at Fios, and I beg you for such consideration. Please let me know if any additional documentation would assist in reaching a positive outcome, and I thank you again for the time you have spent reading this letter.

This is a peer to peer support forum. You need to contact Financial Services at Verizon to discuss your request.

Eligibility for auto title after charge off

Looking for some info on this here prior to moving forward with any next steps I take. Not looking for any illegal or loophole way to screw my previous financing obligation, just honest info. Back in 2001 I purchased a vehicle under Cap One Auto. After about two years of current payments I hit a block in my finances after a job loss. Needless to say I quickly lost the ability to continue paying on the vehicle. Before I knew it, I was in over my head in debt on the vehicle. The vehicle was never reposessed but my creit was obviously impacted with a charge off status for the loan. The car has never been in hiding and I have never attempted to weasel my way out of any of it. The vehicle is 14 years old now and the charge off was recently dropped from my credit report 6-12 months back. I am in a much better place now, financially speaking, and much more responsible with my finances. I have no intent on keeping the vehicle for the rest of my life but I am not sure what options I have as far as whether or not I would even be able to obtain the title for the vehicle. As far as I can remember, I believe the remaining balance was about 6-8k. I live in California and would like to move forward from this vehicle but I would hate to have the charge off or any negative reporting reappear from trying to inquire on information or even title for the vehicle. While I would hate to have to pay the 6-8k on this, I completely understand my obligation to pay, but at the same time if I am able to settle for a lesser amount or other option, I would gladly do so. My main concern is with having any negative or chargeoff reporting reappear on my credit.

user_2000 wrote:
Looking for some info on this here prior to moving forward with any next steps I take. Not looking for any illegal or loophole way to screw my previous financing obligation, just honest info. Back in 2001 I purchased a vehicle under Cap One Auto. After about two years of current payments I hit a block in my finances after a job loss. Needless to say I quickly lost the ability to continue paying on the vehicle. Before I knew it, I was in over my head in debt on the vehicle. The vehicle was never reposessed but my creit was obviously impacted with a charge off status for the loan. The car has never been in hiding and I have never attempted to weasel my way out of any of it. The vehicle is 14 years old now and the charge off was recently dropped from my credit report 6-12 months back. I am in a much better place now, financially speaking, and much more responsible with my finances. I have no intent on keeping the vehicle for the rest of my life but I am not sure what options I have as far as whether or not I would even be able to obtain the title for the vehicle. As far as I can remember, I believe the remaining balance was about 6-8k. I live in California and would like to move forward from this vehicle but I would hate to have the charge off or any negative reporting reappear from trying to inquire on information or even title for the vehicle. While I would hate to have to pay the 6-8k on this, I completely understand my obligation to pay, but at the same time if I am able to settle for a lesser amount or other option, I would gladly do so. My main concern is with having any negative or chargeoff reporting reappear on my credit. Your first step is to contact CA DMV as to the status of the title. Even though the loan is over 14 years old and CAP ONE has charged off the loan, it's a safe bet it's still recorded on your title. Chances are also that if you or CAP ONE are no longer in possession of the title, you're going to need a lien release before CA DMV will let you apply for a duplicate. They will advise you as to what can be done to have the lien removed because of age, but again chances are you're going to have to contact CAP ONE if not directly, through certified mail. I can't give any advice on how contacting CAP ONE would impact your credit history or whether it may restart the SOL clock, but IMHO sooner or later you're going to have to talk to them. Hoping you have positive results.

When I try to charge the battery, my i-pad says: "charging off", how can I change this, so my i-pad will just start to charge as before, without any complications?

When I try to charge the battery, my i-pad says: "charging off", how can I change this, so my i-pad will just start to charge as before, without any complications?

Perform a Reset... Try again...
Reset ( No Data will be Lost )
Press and Hold the Sleep/Wake Button and the Home Button at the Same Time...
Wait for the Apple logo to Appear...
Usually takes about 15 - 20 Seconds... ( But can take Longer...)
Release the Buttons...

Charge off

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