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Has anyone settled a CO with Cap 1? I need advice.

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fishbjc
Senior Contributor

Re: Has anyone settled a CO with Cap 1? I need advice.

Does Cap One know you're working toward a mortgage?  If not.....I'd give them 25% and be done with it.  Have the cash in hand  I think 50% for something past sol is too high.  Of course, this is just my opinion.

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PeacefulP
Regular Contributor

Re: Has anyone settled a CO with Cap 1? I need advice.


@fishbjc wrote:

Does Cap One know you're working toward a mortgage?  If not.....I'd give them 25% and be done with it.  Have the cash in hand  I think 50% for something past sol is too high.  Of course, this is just my opinion.


No, I didn't tell them because I figured they wouldn't budge knowing we would have to pay to get the loan. I'll call back today to try for less. I thought 50% seemed like a lot too.

Starting Score: TU 634 EQ 614 EX 648 5/20/13
Current Score: TU 631 EQ 643 EX 641 8/7/13 (All Lender Pulled)
Goal Score: 750

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