I'm hoping i could get advice on the best course of action to take on this matter.
I've been rebuilding since mid last year. I used to have a secured CAP ONE card opened at the end of 2011 and I went deliquent the beginning of 2013 and eventually was charged off by CAP ONE. The reason i went deliquent is because i used the card over the limit by a couple hundred dollars and then had trouble paying it back down below the limit before they closed the account.
I am in CA so i think i have another year for SOL. This morning i got an alert from MyFico that a new collection had been added, it is PRA, looks like they bought the debt.
In the past I already tried disputing errors on the CAP ONE report but they simply updated their reporting and the account remained. I also tried calling them and asking them to open a new card and even apply my owed money to the balance of my new card, they declined.
I'm thinking if I simply pay CAP ONE right now and then do a DV with PRA, they should remove the PRA account since they wont be able to validate and if they do, i've heard their validation letter is really lame and I can simply do a BBB FCRA complaint and get it removed that way.
My main concern is getting PRA removed so i dont have this new collection on my report.
Does anyone have a better idea of how to handle or can you provide more advice? Please let me know if i left out any required info to assess my situation.
Thank you
