Capital One Charge Off (Paid) Question

[Anonymous]

I finished paying off a Cap One charge off in May of 2014. They keep reporting every month though. Does that make it look new or what? Is there anything I can do here?

Date Opened:	08/09/2008	Balance:	$0
Date Reported:	08/03/2014	Amount Past Due:
Date of Last Payment:	05/2014	Actual Payment Amount:
Scheduled Payment Amount:		Date of Last Activity:	N/A
Date Major Delinquency First Reported:	03/2013	Months Reviewed:	72
Creditor Classification:		Activity Designator:	Paid and Closed
Charge Off Amount:	$2,032	Deferred Payment Start Date:
Balloon Payment Amount:		Balloon Payment Date:
Date Closed:		Type of Loan:	Credit Card
Date of First Delinquency:	09/2012

[Anonymous]

The Experian Report on MyFico shows the account as being 90+ days late in both May and June of 2014 even though the last payment was made in May and no payment required for June.

[gdale6]

Reporting it monthly keeps your Fico depressed it never ages in Ficos eyes. When its paid thats it, the final reporting would be entered and monthly reporting ceases. I would file CFPB complaints on both items you have asked about here.

[Anonymous]

Thanks for the quick reply! How do I go about doing this? Would that correct the error or have it removed from my report?

[gdale6]

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@Anonymous wrote:

Thanks for the quick reply! How do I go about doing this? Would that correct the error or have it removed from my report?

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Google Consumer Financial Protection Bureau, goto their site and select file a complaint then fill in all the info asked for, they will ask you for the remedy you want you would put down you want it to reflect an accurate payment history and to stop updating monthly since its been paid, do not put deletion of the account Cap-1 will reject that and they wont make them do it either since it still can be reported by law. I would provide them any documents you have in print or writing form to back up your story. Good luck

[Anonymous]

Awesome thank you so much! Do I need to do it separate for all bureaus or is once good?

[Anonymous]

Gdale do I need to dispute this with the CRA's first or go directly to CFPB?