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So, I called Capital One to settle an old chargeoff and I was forwarded to the law firm that represents them (they've already initiated a judgement). I had to be forwarded to a supervisor because the first person I spoke to could not clearly explain why I could not settle my debt for less than the given amount.
The supervisor told me they already initiated a bank garnishment and they need to check with the courts to see if there are any funds being held towards the account. He said they will get back to me regarding that.
A while back I disputed the judgements on my CR and they came back updated as satisfied. Could this be why? Also, what should I do? Would I be able to settle for less, or can they decline my offer? TIA
PS: I was denied for QS.
PPS: I was approved for Victoria's secret using SCT
I am saving up for a Discover It Secured deposit, so I can increase my revolving credit. I used Discovers site to check my score, and while it is consistent with CCT, it is reporting I am 140% over limit because of this old Cap1 chargeoff.
Total CL: $321.7k | UTL: 2% | AAoA: 7.0yrs | Baddies: 0 | Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping |
You "disputed the judgments," and they came back as satisfied?
CRAs verify disputes of public record information by their review of the current public record.
When a judgment is legally satisfied, the judgment creditor is required to file a notice of satisfaction with the court.
If that is what is meant by the judgment was determined to have been satisfied, then the judgment creditor has informed the court that there is no more debt.
That, however, does not jive with their statement that they are seeking garnishment.
I would advise going to the courthouse and reviewing the case file.
Something is not jiving.......
Yanno, I thought about getting my paperwork, too, to really read up on everything.