How Can I Have an R9 Charge-Off Removed From My Credit Report?

By DB Jenkins

  • Overview

    An R9 is a code on a credit bureau that signals an account that has been charged-off, which means that an account is delinquent beyond 120 days and has been either taken as a loss by the original lender, or sold to a collection agency. An R9 will seriously affect your ability to secure future loans, and removing this blemish will raise your credit rating and your financial health.
    • Step 1

      Make sure that the R9 is truly the issue on the credit bureau. The best way to figure out the problem is to check all three credit bureaus: Equifax, TransUnion and Experian (see Resources below). Pay close attention to the delinquencies on the reports. An R9 charge is an account that is over 120 days overdue, and either has been charged off (established as a loss for the company) or sent to a collection agency.
    • Step 2

      Pinpoint the company that is reflecting the R9 charge. Note that there may be a discrepancy here. This is why it is important to collect a three-bureau report: the more information you have at your disposal, the better. In some cases, the bureaus may be reporting the collection agency as the debt-holder; in others it may be the original debt-holder (credit card company).

    • Step 3

      Research and find out the best contact information for the correct credit bureau. In some cases it can be as easy as calling your credit card company, but in others it may require doing some in-depth scouring on the Internet and calling around for a while.
    • Step 4

      Figure out your damages and attempt to minimize them. If the charge is still held through the original debt-holder, you'll probably be be stuck paying the full amount due on the balance. However, if the charge is held at a collection agency, you may be able to work out an arrangement such as a payment plan or a reduction in the total balance due. Attempt to reduce the balance on a charge-off; collection agencies are very willing to take a lower amount as opposed to no amount.
    • Step 5

      Wait 90 days (the usual amount of time it takes to clear a credit bureau) and then pull another tri-bureau report. If the charge is no longer there, you are on your way to a better score and lower interest rates. If it still exists, contact the original debt-holder, the collection agency, and possibly the credit bureau itself to follow-up on our action. Make sure to keep records of the final payment made, the conversations you had with all parties involved, and all necessary documents--these may come in handy if you run into problems down the road.
    • Skill: Moderate

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