@FroggieMom wrote:
I may be mistaken here but....aren't charge off accounts supposed to be zeroed out as far as balance goes once the account IS listed on a CR as a charge off? They can definitely still show what the "high balance" once was on the account but the actual balance owed should be listed as $0. Also, beware that making ANY payment less than the full balance on an old account will reset the SOL and set you up for potential judgement action from a collection agency if the account has been since transferred to one.
And +1 on the comment of Cap1 not PFD...they won't even GW me 1 missed pymt from 2009 even though I called them when I knew I wouldn't be able to make the payment and set up an arrangement (DH lost his job unexpectedly). That being said, they are also a very forgiving lender, which is why the reopened the doors for you and gave you a 2nd chance.
Not if Cap1 Still owns it.. Depending on the Amount.... Cap1 hasn't been selling their CO accounts recently. They certainly didn't my fairly decent one I owed them, thus settled it when I was able to a year or so back before I got slapped with a judgement and to make the bleeding end. Glad I did as my credit is alot better due to it although will be falling off my credit late 2017
