Adverse credit report drop off

[MSPdude]

Hello all,

Let me start by saying that there is an unbelievable amount of information on this forum.  I've been reading for months, and just signed up today.

My question:  I have a closed/CO credit card with Cap 1, and the outstanding balance is around $500.  The TU report states that this will fall off my report on 4/2013.  I have the ability to pay this amount in full.  Should I pay it off in full, or let the account go and not stir things up?  If it's set to fall off my report in 4/2013, I don't mind just waiting it out, but I'd feel better if I paid it off.  The reason being is that I have an Orchard bank CC that I'm using to rebuild my credit, and they were just bought out by Cap 1.  I don't want that outstanding balance to affect my current card, nor do I want to affect my future chances with Cap 1.  Not that I'd ever apply for one of their cards again, but I think you get the point.

Also, Cap 1 recently started sending a monthly statement after not sending one for about 4 years.  I completely forgot about it until the statement arrived a few months ago.

From what I've read, Cap 1 is not to good with granting GW requests. 

Thanks anyone for the answer,

[ninjamike81]

i would try a pay for delete if your willing to pay the full amount but make sure you get it in writing.