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Valued Member
Posts: 158
Registered: ‎06-15-2007
0

CO Update

I paid 2 CC CO accounts AMEX and Cap 1 the beginning of last month shouldnt that have updated with the CRA's by now? should I dispute or wait some more time?  It is killing my score I think.  I didnt get a PFD that has myh utilization over 90%.  when the CRA update that will bring my Utilization to 5% that should help my score right?
Moderator Emeritus
Posts: 9,252
Registered: ‎03-19-2007
0

Re: CO Update

Cap1 updates a few days after the statement.
the 19th Statement has not updated on mine yet.
Valued Member
Posts: 158
Registered: ‎06-15-2007
0

Re: CO Update

just thought after almost 2 months it should have shown up,,,is it possible that the CA for cap 1 didnt report the "paid in full"?  my UT is over 90% even these are closed when its brought to 0 shouldnt it help my score even though its already charged off showing an over the limit balance?
Moderator Emeritus
Posts: 9,252
Registered: ‎03-19-2007
0

Re: CO Update

What is your statement date?
New Contributor
Posts: 52
Registered: ‎06-09-2007
0

Re: CO Update

When I was paying off my cap1 co I would dispute with CRA online days after I found that the payment had cleared my checking account. The collections person at cap1 told me that they only report 30 days AFTER the payment is received and I didn't have that kind of time to wait for the updates. Each time I did and they corrected the balance on my CR my FICO would increase as well.

Hope this works and that your numbers increase soon.
Moderator Emeritus
Posts: 16,381
Registered: ‎03-12-2007
0

Re: CO Update



motoracer wrote:
I paid 2 CC CO accounts AMEX and Cap 1 the beginning of last month shouldnt that have updated with the CRA's by now? should I dispute or wait some more time?  It is killing my score I think.  I didnt get a PFD that has myh utilization over 90%.  when the CRA update that will bring my Utilization to 5% that should help my score right?


Lowering your util to 5% will help your scores.  Getting the COs off your reports will help your scores, paying them WILL NOT.  If paid off, you can try a GW letter to get em deleted.  If not paid off, PFD them. 
Credit Profile - FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 27 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: TU 1


Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring World Mastercard ~ Chase Freedom Signature Visa ~ CITI Dividend World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Valued Member
Posts: 158
Registered: ‎06-15-2007
0

Re: CO Update

I tried the PFD several times,,,,,,cap1 and AMEX wouldnt show me any love..haha so I just went ahead and paid them off.....I told Cap1 there was no way I was gonna pay them unless they removed the negatives from my TL there response was ok wait the 7 years then...
Moderator Emeritus
Posts: 16,381
Registered: ‎03-12-2007
0

Re: CO Update



motoracer wrote:
I tried the PFD several times,,,,,,cap1 and AMEX wouldnt show me any love..haha so I just went ahead and paid them off.....I told Cap1 there was no way I was gonna pay them unless they removed the negatives from my TL there response was ok wait the 7 years then...


Too bad you PIF, sometimes it's luck and sometimes it's who you send them to.  Many have failed with CAP1.  You could still try a GW letter, nothing to lose.  When are they suppose to fail off?
Credit Profile - FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 27 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: TU 1


Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring World Mastercard ~ Chase Freedom Signature Visa ~ CITI Dividend World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Valued Member
Posts: 158
Registered: ‎06-15-2007
0

Re: CO Update

timothy my statement date is may 17th
well AMEX falls off in 2 years and Cap1 3.5 more years Smiley Sad

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