i have 2 charge offs from cap one that i called up and tried to PFD. They said they do not do PFDs. Should I still pay them the settlement amount or should i let them sit on Credit report until it comes off. They became charge offs in jan of 2004. What do i do?
Pay off the settlement amount. Cap One will hire an attorney in your area and file for a civil judgement to collect what you owe them plus any interest accruing. Unless the debts are past your states SOL for collecting, they will nail you to a wall.
thanks chartley, so is this from the charge off date which was 1/2004? Did i just do myself a dis-service by calling them up and trying to PFD with them. I hope I did not start anything now.
That is correct. So they can try to sue you and win in court until 12/09. If you can afford to pay off the settlement amount I would. My DW found out the hard way that Cap One doesnt play around at getting their money.