Long story short. Made a bunch of financial mistakes when I was younger and now trying to rebuild/repair my credit. The advice I’ve found in this forum has helped a lot. Got a secured BoA 6 months ago and just got approved for CapOne secured a few days ago. Caught up with Sallie Mae student loans and current for about a year now. Feels like I am on the right track.
There’s one baddie I need some advice on how to proceed. It is with Capital One and Portfolio Recovery. Below is what EXP and TU are reporting:
Exp reports:
CAPITAL ONE
Address:
PO BOX 30281
SALT LAKE CITY, UT 84130
(800) 955-7070
Account Number:
....
Address Identification Number:
….
Status: Closed. $1,034 written off.
Date Opened:
09/2001
Reported Since:
09/2001
Date of Status:
08/2010
Last Reported:
01/2013
Type:
Credit card
Terms:
NA
Monthly Payment:
$0
Responsibility:
Individual
Credit Limit/Original Amount:
$500
High Balance:
$1,441
Recent Balance:
NA
Recent Payment:
NA
Creditor's Statement: Purchased by another lender.
PORTFOLIO RECOVERY ASSOCIATES
Address:
120 CORPORATE BLVD STE
100
NORFOLK, VA 23502
(800) 772-1413
Account Number
Original Creditor:
CAPITAL ONE BANK USA N.A.
Address Identification Number:
....
Status: Collection account. $1,441 past due as of Mar 2013. Status Details: This account is scheduled to continue on record
until Nov 2016.
Date Opened:
12/2012
Reported Since:
03/2013
Date of Status:
03/2013
Last Reported:
03/2013
Type:
Debt Buyer
Terms:
1 Months
Monthly Payment:
$0
Responsibility:
Individual
Credit Limit/Original Amount:
$1,441
High Balance:
NA
Recent Balance:
$1,441 as of 03/2013
Recent Payment:
$0
Payment History:
Account History:
Collection as of Mar 2013
TU reports:
CAPITAL ONE BANK USA NA #****
PO BOX 30281
SALT LAKE CITY, UT 84130
(800) 955-7070
Date Opened: 09/27/2001
Responsibility: Individual Account
Account Type: Revolving Account
Loan Type: CREDIT CARD
Date Updated: 01/06/2013
Payment Received: $0
Last Payment Made: 11/30/2009
Pay Status: >Charged Off<
Terms: Paid Monthly
Date Closed: 08/08/2010
>Maximum Delinquency of 120 days in 05/2010 and in
06/2010<
High Balance: High balance of $1,033 from 11/2011 to 01/2013
Credit Limit: Credit limit of $500 from 11/2011 to 01/2013
Account Sale Info: ACCOUNT SOLD TO PORTFOLIO RECOVERIES ASSOCIATE
Estimated month and year that this item will be removed: 01/2017
PORTFOLIO RECOVERY #****
120 CORPORATE BLVD
NORFOLK, VA 23502
(800) 772-1413
Placed for
collection:
12/24/2012
Responsibility: Individual Account
Account Type: Open Account
Loan Type: FACTORING
COMPANY
ACCOUNT
Balance: $1,441
Date Updated: 05/09/2014
Last Payment Made: 11/30/2009
Original Amount: $1,441
Original Creditor: CAPITAL ONE
BANK USA NA
Past Due: >$1,441<
Pay Status: >In Collection<
Remarks: >PLACED FOR COLLECTION<
Estimated month and year that this item will be removed: 01/2017
Any advice is greatly appreciated. Should I DV? or just go ahead and try PFD?
this is past SOL. So i dont need to DV right?
If the CA agrees to PFD will both entries get deleted? (CapOne and Portfolio Recovery)
thanks in advance!
@hniddy wrote:this is past SOL. So i dont need to DV right?
If the CA agrees to PFD will both entries get deleted? (CapOne and Portfolio Recovery)
thanks in advance!
If you're beyond the 30 day window for their dunning/initial contact, they don't even have to reply to your DV. If it was timely, they would legally have to stop all collection efforts until verified. If you're 200% confident you're past SOL (which only a Judge can officially decree..and yes they can still sue you/drag you to court even though you think you're safe), then I'd begin PFD offers, the older, the lower they'll go, if they play ball at all.
Thanks for the input.
If they play ball and agree to a PFD, would the CA delete both entries?
The reason i ask is to decide if i want to take this on or focus on to the next baddie.
Don't take their word for it. Try and get it in writing.