Reply
Frequent Contributor
Posts: 381
Registered: ‎05-18-2008
0

Capital One - Do They PFD?

i have a capital one card.....DOLA is from 2003.

it is showing on my reports that the account is still open and they have not turned it over to a collection agency.

with that being said, does anyone know if they will PFD?

Established Contributor
Posts: 832
Registered: ‎03-20-2008
0

Re: Capital One - Do They PFD?


molly73 wrote:

i have a capital one card.....DOLA is from 2003.

it is showing on my reports that the account is still open and they have not turned it over to a collection agency.

with that being said, does anyone know if they will PFD?


 

Pay it BEFORE it goes to a ca or worse, they sue you in small claims. They WILL take you to court. I don't think you can pfd an oc. Pay it and then try to GW them.
Frequent Contributor
Posts: 381
Registered: ‎05-18-2008
0

Re: Capital One - Do They PFD?

thanks fo the info.

 

just to confirm....they can take me to court...but since it is beyond the SOL.....that could be my defense & they could not win right?

Established Contributor
Posts: 832
Registered: ‎03-20-2008
0

Re: Capital One - Do They PFD?


molly73 wrote:

thanks fo the info.

 

just to confirm....they can take me to court...but since it is beyond the SOL.....that could be my defense & they could not win right?


Correct but if you were to not show up in court, they can win by default. So show up if you get served.

Established Member
Posts: 22
Registered: ‎12-08-2008
0

Re: Capital One - Do They PFD?

I recently dealt with Capital One with a similar issue. The account was 6 years  6months since date of first late. I told them I would pay in full for a delete. They gave me a long spill Capital One doesn't do PFD. I explained the account was beyond SOL in my state and it would fall off my credit report in less than 6 months anyways. I was trying to help both of us out by offering a PFD. Capital One doen't do PFD was the response I kept getting no matter who I talked to. Sure enough it has been 8 months and it has dropped off my report without ever being paid. Good Luck. I hope you have more success than I did.
Frequent Contributor
Posts: 381
Registered: ‎05-18-2008
0

Re: Capital One - Do They PFD?

[ Edited ]

i have never received anything from them...been years.......wonder if they would offer a settlement amount....if i do this...it will not reset the 7 years right?

 

if i do settle....then it would show as being paid....which would be better then open and late right?

 

 

 

should i send them a letter with a settlement amount that i would be willing to pay if they marked the account as "paid in full" ?

 

i guess the letter would be similar to a PFD letter....does anyone have any sample letters that do this?  

 

Message Edited by molly73 on 03-18-2009 06:44 PM
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.