Reply
Member
RebuildingGuy
Posts: 6
Registered: ‎10-29-2013
0

Capital One GW Letter

I've read a bunch of the great articles and success stories with GW letters here on the boards and I figured it was time I give them a shot!

 

I have a 4 year old chargeoff with capital one, which I paid in full after the fact.  Its listed as "potentially negative" by experian.  Should I GW them in hopes of removing it or at least changing the status to something other than negative?  I actually have a current credit card with capital one which doesn't report to experian at all. -- Go figure

 

Some of the info reported in the account is inaccurate and I have old statements that would prove that but it was indeed charged off and that's my fault.  So I haven't attempted to contact any CRAs about the account yet.  Would it be better to work with the CRAs or to GW capital one?

 

Thanks in advance, 

-RebuildingGuy

 

 


Starting Score: 678 EX Plus Score | 658 MyFico EQ Score | 702 TU Vantage Score
Current Score: 678
Goal Score: 801


Take the myFICO Fitness Challenge
Community Leader
Senior Contributor
myjourney
Posts: 26,659
Registered: ‎02-07-2013
0

Re: Capital One GW Letter


RebuildingGuy wrote:

I've read a bunch of the great articles and success stories with GW letters here on the boards and I figured it was time I give them a shot!

 

I have a 4 year old chargeoff with capital one, which I paid in full after the fact.  Its listed as "potentially negative" by experian.  Should I GW them in hopes of removing it or at least changing the status to something other than negative?  I actually have a current credit card with capital one which doesn't report to experian at all. -- Go figure

 

Some of the info reported in the account is inaccurate and I have old statements that would prove that but it was indeed charged off and that's my fault.  So I haven't attempted to contact any CRAs about the account yet.  Would it be better to work with the CRAs or to GW capital one?

 

Thanks in advance, 

-RebuildingGuy

 

 


Sorry for the late response 

Yes GW's are in order but I also have a question.

How old is the CO and who is listing it on your CR's CAP1 or CA?

Ok two questions in one Lol

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/13


Member
RebuildingGuy
Posts: 6
Registered: ‎10-29-2013
0

Re: Capital One GW Letter

MyJourney- Both actually!  Cap1 lists it and portfolio collection.  The portfolio thing reports I disputed it which is strange too because I didn't..

 

 

Account Name CAP ONE
Account # XXXX
Account Type Credit Card
Balance $0.00
Date Opened 11/1/2005
Account Status Closed
Mo. Payment
Past Due $0.00
Payment Status Past due 150 days
High Balance $1,057.00
Limit $500.00
Terms Revolving
Comments Transferred to another lender or claim purchased

 

 

Account Name PORTFOLIO RECVRY&AFFIL
Account # XXXX
Account Type Debt Purchase
Balance
Date Opened 8/1/2009
Account Status Closed
Mo. Payment
Past Due
Payment Status Legally paid in full for less than the full balance
High Balance
Limit
Terms 1 Month
Comments Account in dispute-reported by subscriber


Starting Score: 678 EX Plus Score | 658 MyFico EQ Score | 702 TU Vantage Score
Current Score: 678
Goal Score: 801


Take the myFICO Fitness Challenge
Member
RebuildingGuy
Posts: 6
Registered: ‎10-29-2013
0

Re: Capital One GW Letter

I disputed the accounts on their incorrect merits with the CRA's.  I'll try the GW next if need-be.


Starting Score: 678 EX Plus Score | 658 MyFico EQ Score | 702 TU Vantage Score
Current Score: 678
Goal Score: 801


Take the myFICO Fitness Challenge

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}