Capital One CO in Collections

[ruxinreigns]

Hello all!  Frequent reader, first time poster.

I had a Cap One card, DOFD is June 2007, it was charged off in 2010 and sold to Pinnacle Credit Services.  Original credit limit was $500 and it was charged off at $967.  Pinnacle is increasing the amount owed every month and according to my credit report its an open collection account with $2600 deliquent balance.  The collection and the charge off are both supposed to fall off this year according to my credit reports, but I was wondering if there are any routes I can take to have these removed early or advice on the situation.  Any and all help is much appreciated!  I messed up my credit when I was 19 and now Im 26 with a family trying to get on the right track.  I started my journey in November with a 530 FICO and Im up to 580 now.

Thanks!

[gdale6]

You can call the CRAs and ask to have them deleted early. You can also make PFD settlement offers but it they are going to drop this year I wouldnt bother and just let them run their course. If you want to settle for a percentage you can when they are off your report, before making any overtures to the CA or OC make sure they are past your states SOL.