Is this right?

[Anonymous]

I had paid off a judment to Cap1 last month and a couple days later they showed a $10 increase in my balance. Obviously they hadn't quite "received" my payment or got word of it prior to doing that. Anyway, I disputed it as paid, then got this on my report now. Just wondering, I know it does say $0 balance, but should it say "PAID" or anything of that sort in the status? Should I dispute this as not actually SAYING paid even though it says $0 or should I leave it alone? Technically since the balance is $0, it's paid, it just bothers me that it doesn't SAY paid, it still says "charged off account" and "inactive"...

Credit Account Cap One

Status as of [?] Feb, 2008

Date opened [?] Aug, 2002

Date of last activity [?] Aug, 2005

Date closed [?] Not Reported

Account number [?] Not Reported

Loan type [?] Not Reported

Largest past balance [?] $1,000

Terms [?] Not Reported

Account Type [?] Revolving

Account holder [?] Individual

Scheduled payment amount [?] $0

Account status [?] Account is Inactive

Descriptions [?]

• Charged off account
• Account closed by credit grantor

Message Edited by slove1106 on 03-06-2008 02:40 PM

[llecs]

I'd wait 'till the end of the month. Maybe they'll update then. What did the dispute results say?

The extra $10 probably came from interest from the previous month's balance.

When all is said and done, it should read "paid CO". Then start GWing to get that removed.

How late what it before they tried to sue you (or how close to your SOL)? DW has a CO from CapOne and they are refusing our PFDs. SOL expires in the fall.

[Anonymous]

I think it was something like a couple months before SOL was up. I've heard no matter what, Cap1 will getcha. Just when you think you're in the clear, they'll get that judgment on you like 2 months before expiration!

Well... that WAS the update... (showing $0 balance) The dispute said it was done and when I checked what was done, the post above was it. Basically, all they changed was the balance, but didn't put "PAID"... It's "supposed" to isn't it? I know they can do whatever the h*&^ they want... but don't they usually change it to PAID at least???

[modernsurrender]

I think I've heard they usually put paid/settled something like that.  I'd hang tight for a while though - most people have said once they pay Cap 1/the CA collecting for them it usually takes 30-45 days.  I personally don't know since I haven't taken care of them yet lol

[dragnldy]

I had a couple of those come up on my reports.  I disputed through the CRAs that the account should be listed as paid/closed.  It didn't take very long for them to be changed to that, but it really didn't do anything for my score.  It was more of a personal preference to make sure they were listed correctly that way.