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Valued Contributor
madmann26
Posts: 1,440
Registered: ‎08-30-2012
0

Dear old Cap1

So I have been rebuilding recently and I have this Cap1 CO that I have been trying to pay. When I call them, they tell me that it's been handed over to a CA and when I call the CA they say it's been sold to some one else ( so I amdisputing the first CA since they are not the responsible CA ) so I call CA #2 and are giving me the runaround saw well. 

 

Any advice? I'm trying really hard to pay this in good faith.

 

Thanks in advance.


Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 705|EQ 690|EXP 698 (FICO)
What's in my wallet? Cap1 PLAT AU $1.25k; Cap1 Cash AU $2k; NFCU Siggy $23k; $4k WalMart DC; CFNA Firestone $2.2k; Amazon $2.1k; NFCU Cash Rewards $22K; AMEX BCE $18k; NavCheck $15k; Lowe's $10k; Citi DP $6.3k; AMEX ED $8.5k; Chase Freedom $4.5k
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Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

Re: Dear old Cap1

How old is the CA?



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
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EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
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Valued Contributor
madmann26
Posts: 1,440
Registered: ‎08-30-2012
0

Re: Dear old Cap1

The Cap1 account is just over 5yrs old.

 


Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 705|EQ 690|EXP 698 (FICO)
What's in my wallet? Cap1 PLAT AU $1.25k; Cap1 Cash AU $2k; NFCU Siggy $23k; $4k WalMart DC; CFNA Firestone $2.2k; Amazon $2.1k; NFCU Cash Rewards $22K; AMEX BCE $18k; NavCheck $15k; Lowe's $10k; Citi DP $6.3k; AMEX ED $8.5k; Chase Freedom $4.5k
Goal Score: 700 across the board.
Take the FICO Fitness Challenge
My Journey
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

Re: Dear old Cap1

Not sure I'd want to pay that so close to the 7yr drop off.



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Established Contributor
JonStur
Posts: 905
Registered: ‎12-25-2010
0

Re: Dear old Cap1

Leave it alone IMHO.. Unless you can convince a CA to pay for delete, it will be on your credit report for another seven years. I would let it be unless you just want to feel good about paying off your debts.


Starting Score: TU 686 EX 641 EQ 690
Current Score: TU 779 EX 767 EQ 740
Goal Score: 800 Club

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Valued Contributor
madmann26
Posts: 1,440
Registered: ‎08-30-2012
0

Re: Dear old Cap1

Thanks Jon,

 

Its hard to leave it alone. That balance is killing my utilization. I could always pay it and try to GW it down the road. I just don't know.


Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 705|EQ 690|EXP 698 (FICO)
What's in my wallet? Cap1 PLAT AU $1.25k; Cap1 Cash AU $2k; NFCU Siggy $23k; $4k WalMart DC; CFNA Firestone $2.2k; Amazon $2.1k; NFCU Cash Rewards $22K; AMEX BCE $18k; NavCheck $15k; Lowe's $10k; Citi DP $6.3k; AMEX ED $8.5k; Chase Freedom $4.5k
Goal Score: 700 across the board.
Take the FICO Fitness Challenge
My Journey
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

Re: Dear old Cap1


madmann26 wrote:

Thanks Jon,

 

Its hard to leave it alone. That balance is killing my utilization. I could always pay it and try to GW it down the road. I just don't know.


GW with Cap1 is very hard. Is it a big balance that you owe?

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Valued Contributor
madmann26
Posts: 1,440
Registered: ‎08-30-2012
0

Re: Dear old Cap1

$591 I believe.


Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 705|EQ 690|EXP 698 (FICO)
What's in my wallet? Cap1 PLAT AU $1.25k; Cap1 Cash AU $2k; NFCU Siggy $23k; $4k WalMart DC; CFNA Firestone $2.2k; Amazon $2.1k; NFCU Cash Rewards $22K; AMEX BCE $18k; NavCheck $15k; Lowe's $10k; Citi DP $6.3k; AMEX ED $8.5k; Chase Freedom $4.5k
Goal Score: 700 across the board.
Take the FICO Fitness Challenge
My Journey
Frequent Contributor
Sparkz1920
Posts: 271
Registered: ‎08-09-2009
0

Re: Dear old Cap1

You're almost at 7 years...Dunno if i would pay it off

 

It will help your score a bit if paid. I paid 2 charge offs from CAP1 and successfully got one deleted last month praise god. It went bad in 07 and my date to drop off is sometime in 2014 i know that much. I paid it in 09 and it did not start the clock again. Plus, I was trying for government jobs and the reserves in 09 and figured its better to pay it off and get a clearance than have debt sittin there and be denied a clearance.


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Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

Re: Dear old Cap1


madmann26 wrote:

$591 I believe.


Eh, it really depends on if you want to roll the dice with them. You could send them a PFD letter, but that might make them want to sue to get the money. You could pay it and try for GW but I dont think you'll have much luck with it.

 

IMO I would leave it be and let it fall off.

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014

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