- I had an old CO with Capital One that I settled at the end of June. It was for $2009 and the CL was only $200. I settled for $500 with an outsourced CA.
- Capital One said it would take them 90 days to update the CRA's???!!! I thought that was absolutely ridiculous...90 days???
- I found out about the CFPB through MyFico and immediately sent a dispute about the balance; I also attached a PDF of the settlement letter and a screen shot of the electronically debited check.
- CFPB requires creditors and CA's to respond within 15 days: I sent my dispute in on July 10th, got a mailed letter from Cap1 on July 15th. I got an alert on July 23rd (*see below). That was fast!
- CFPB works!
- This account was affecting my utiization bad; simulators said I was using over 1000% of my available credit. My SDFCU secured card just reported too; so I went from using 1000% to 9% util. Finally out of the high 500 bucket. I'm so...happy!
Curious: Why did Cap1 fill in the calendar with "FP" ...it didn't report that before? Will the "FP's" affect my score, or does it matter?
