I applied for a new CC and got rejected. My credit has routinely been in the mid 700s (for all three agencies) so I was very surprised. When I looked into it I found that a company had "Charged Off" two accounts. It should have been "Paid as Agreed" since this was the agreement we made. My score for Equifax dropped to mid 600s entirely because of these two accounts.
I spoke to the person with whom I made the agreement and he recommended that the best thing I could do was to dispute the charge.
I did that and I spoke to Equifax dispute today and they said both accounts have been entirely removed from my credit history.
Questions:
1) Should removing the accounts entirely reverse the negative impact the "Charge Off"s had on my credit score?
2) If not, is there anything else I can do as it relates to this situation to improve my score?
Thanks.
I spoke to the person with whom I made the agreement and he recommended that the best thing I could do was to dispute the charge.
I did that and I spoke to Equifax dispute today and they said both accounts have been entirely removed from my credit history.
Questions:
1) Should removing the accounts entirely reverse the negative impact the "Charge Off"s had on my credit score?
2) If not, is there anything else I can do as it relates to this situation to improve my score?
Thanks.