Reply
New Member
kgibs02
Posts: 1
Registered: ‎02-24-2013
0

Capital One Secured Card Question

A couple of years ago I opened a captial one secured card with a $300 limit to help rebuild my credit. Unfortunately I did not maintain the card like I should have and it's now showing negatively on my CR (past due's, late fees, etc). Any chance capital one will let me pay what I owe, maybe GW it off my CR or possibly reestablish the card into good standing?

Valued Contributor
gdale6
Posts: 9,405
Registered: ‎12-13-2013
0

Re: Capital One Secured Card Question

[ Edited ]

kgibs02 wrote:

A couple of years ago I opened a captial one secured card with a $300 limit to help rebuild my credit. Unfortunately I did not maintain the card like I should have and it's now showing negatively on my CR (past due's, late fees, etc). Any chance capital one will let me pay what I owe, maybe GW it off my CR or possibly reestablish the card into good standing?


Capital One does not do PFD but you are free to pay them off as a paid CO looks much better on manual review, I will advise you that if its not updating on a monthly basis now it will drop your score once they update the TL to paid was CO status. Closed accounts cannot be re opened that goes for good and ones that have been COed. Good luck :smileyhappy:

Adding: Once its paid you would start campaign of GW letters to get the TL removed.

EX Cred Ses 12/14: 796 ; EX Fico 04 V2 06/14: 775; EX Fico 08 07/14 778 ; EX Fico 08 BC 11/14: 793
EQ Fico 05/14 781 ; EQ MPM 12/14: 750
TU Fico 8 12/14: 719; TU MPM 06/14 706

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}