As explained in another thread, I have a charge off on a HELOC from E*TRADE CLC that sunk my credit score about 100 points. They did this 3 days after we closed and before they ever even asked for a settlement. Now we are in the settlement phase of this night mare. Supose that we settle soon, what does E*TRADE CLC report. Charge Off but settled for less? Anyone know? How long will it be before my credit score begins to rebound? I do have several open accounts in good standing that have never been late in including my primary residence mortgage.
Anyone been here before? I had a credir score of 805 the day I agreed to a short sale March 2009, its now 538