🚀 go-pugleaf

On 30 Jul 2000 23:43:14 -0400, wb8foz@apk.net (David Lesher) wrote:

>
>>National City Bank wrote off a loan that I cosigned for *and paid off*.
>>And they would not erase the write-off after it was paid off, either.

Correct. They report it as a paid charge off. And that will be
reported for 7 years. Most credit analists don't give much
creedance to the fact that a charge off was paid.

>Some bank with B,C & N as initials taught me never trust anyone
>who chains the pens down.  They returned the original paperwork
>for my student loans stamped "paid in full, account closed"...

I owed about 14k on a vehcile that I was considering paying off.
2 days later I received the title with the lein signed off, the
original contract and a letter from the lender thanking me for my
business. Nice guy eh? 

 I called the branch to see if the account was paid or not (I knew it
wasn't) and it didn't show paid. I called the lender and told him
the situation. I also told him I would send him the funds with the
understanding that the next time I wanted funds for something,
I'd get a break (I like old out of book cars, something most lenders
don't like). A few weeks later I call the favor in on a 1966 german
car I had to have. Done deal. Its been a done deal with them since
that time. Moral is people make mistakes. If you act in good faith
generaly the favor is returned to you with greater value.