Upon viewing my credit report, I realized that a Cap1 acct that I opened in 12/2003 is listed as charged off and as closed by credit granter. somehow, it is also still listed as open with a balance that has been increasing since 12/2003 [when it was opened] and is now up from $450 to $1503 and has been steadily increasing every month on my credit report. Is this illegal? And on top of that, last week I got a letter from a CA regarding this acct, because I tried to contact Cap1 about my closed acct. What do I do? How do I even begin to go about fixing this? Any help/insight would be greatly appreciated!!!
[this is what it says on my report regarding the cap1 acct]:
Status as of [?] Feb, 2008
Date opened [?] Dec, 2003
Date of last activity [?] Jan, 2004
Date closed [?] Not Reported
Account number [?] Not Reported
Loan type [?] Not Reported
Largest past balance [?] $806
Terms [?] Not Reported Account Type [?]
Revolving Account holder [?]
Individual Scheduled payment amount [?] $0
Account status [?] Account is Open
Descriptions [?] * Charged off account * Account closed by credit grantor No contact information provided by Equifax Balance [?]
Current Status [?] Past Due
Amount [?]$1,503
Bad debt/collection $1,503
Seven year payment history [?] 30 days late 1 time
60 days late 1 time
90+ days late 4 times (Sep 2004, Aug 2004, Jul 2004)
Worst Delinquency [?] 120+ days past due
