@Anonymous wrote:I have a Cap1 card I opened in 2008 which has a "account legally settled for less than full balance" (or thereabouts) negative on my report across all three bureaus from March 2010. That plus a few lates on the same card are the only negatives I've ever had. (I had employment issues and got in a bind there...)
On a whim, I decided to see if I'd have any luck in getting an EE for this item, since it's slated to drop in the next ~6 months. Amazingly, TU deleted instantly (after politely escalating to a supervisor). Pulled my TU report and it's already updated, resulting in a 41 point increase in my score. Not awful. EX was also friendly and told me to call back on July 31st and they'll gladly delete as well.
EQ, perhaps unsurprisingly after spending the morning searching this forum, was firm in saying it was their policy to never offer EEs, and that it will drop in March 2017 at the 7 year mark. The only exception being that if Cap1 tells them to drop it early, they will (supposedly).
This leads me to my question: I have another unrelated matter I've been discussing with the Cap1 EO. While I have their ear, should I just flat out ask them if they can have EQ drop the negative early, in light of the other two agencies already deleting the negative? Or would it be foolish to even indicate to Cap1 that the agencies deleted the item at all? Could Cap1 potentially somehow re-report? I'm a bit in the dark as to how the mechanics of this all works. I had no idea I'd even have luck so early.
Thanks!
Yes ask them for a goodwill deletion of the account. Once the CRA excludes it for age its gone and not coming back even if its reported again.
@gdale6 wrote:
@Anonymous wrote:I have a Cap1 card I opened in 2008 which has a "account legally settled for less than full balance" (or thereabouts) negative on my report across all three bureaus from March 2010. That plus a few lates on the same card are the only negatives I've ever had. (I had employment issues and got in a bind there...)
On a whim, I decided to see if I'd have any luck in getting an EE for this item, since it's slated to drop in the next ~6 months. Amazingly, TU deleted instantly (after politely escalating to a supervisor). Pulled my TU report and it's already updated, resulting in a 41 point increase in my score. Not awful. EX was also friendly and told me to call back on July 31st and they'll gladly delete as well.
EQ, perhaps unsurprisingly after spending the morning searching this forum, was firm in saying it was their policy to never offer EEs, and that it will drop in March 2017 at the 7 year mark. The only exception being that if Cap1 tells them to drop it early, they will (supposedly).
This leads me to my question: I have another unrelated matter I've been discussing with the Cap1 EO. While I have their ear, should I just flat out ask them if they can have EQ drop the negative early, in light of the other two agencies already deleting the negative? Or would it be foolish to even indicate to Cap1 that the agencies deleted the item at all? Could Cap1 potentially somehow re-report? I'm a bit in the dark as to how the mechanics of this all works. I had no idea I'd even have luck so early.
Thanks!
Yes ask them for a goodwill deletion of the account. Once the CRA excludes it for age its gone and not coming back even if its reported again.
+1
I agree, I'd goodwill them. What is done is done in the items already removed. It is worth asking them to do this if they'll remove it and it helps you. Nothing to lose in trying.
