Can I Have the Charge off Status Be Removed from My Record.

Question: Can I have the charge off status be removed from my record if the creditor agreed to a mutual dismissal with prejudice? I was sued by and counter sued my original creditor. We agreed to a mutual dismissal with prejudice. They are still listing my account in a charge off status. Can I have this removed?

Answer: A dismissal with prejudice should result in the removal of the “tradeline” from your credit report. Send each credit bureau a copy of the order with a written request for removal. I suggest you use certified mail so you have proof of receipt. If the item is not removed, you may have a good case under the Fair Credit Reporting Act. The same would not apply to a dismissal without prejudice.