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New Contributor
amh783
Posts: 64
Registered: ‎05-16-2011

Settled Capital One Account - SOL is almost up, what to do?

Hi all,

I settled an old Capital One charge off back in 8/11 (so that I could buy a home). According to my fico report, DOLA is Jan 2006. 
Is there anything I should be proactively doing to get this TL off my report, or will it automatically disappear in January?

Any info or advice is appreciated!

TIA

 

 


Starting Score: April 2011: EQ 606 TU 585 EX FAKO 574
Current Score: Dec 2012: EQ 738 TU 740
Goal Score: 800


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Valued Contributor
annielorie
Posts: 1,207
Registered: ‎02-19-2012

Re: Settled Capital One Account - SOL is almost up, what to do?

Send a good will letter now state that it is paid and ask to remove from your report


Starting Score: 0
Current Score: TR??FICOEQ ?? FICO
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Moderator
Shogun
Posts: 12,884
Registered: ‎04-15-2011

Re: Settled Capital One Account - SOL is almost up, what to do?

If the DOLA is in Jan. 06 then the DOFD could actually be before that.  Remember it's 7 years + 180 days from the DOFD.  So there could be an extra 6 months on the end.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

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Current scores after adding $81K in CLs and 2 new cars since July 2013
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New Contributor
amh783
Posts: 64
Registered: ‎05-16-2011

Re: Settled Capital One Account - SOL is almost up, what to do?

Thanks!

I just pulled my free credit reports and noticed that on the two that list it, the estimated date of removal is Nov 2012. Great surprise! Hopefully, this happens at the beginning of the month.

 


Starting Score: April 2011: EQ 606 TU 585 EX FAKO 574
Current Score: Dec 2012: EQ 738 TU 740
Goal Score: 800


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Moderator
Shogun
Posts: 12,884
Registered: ‎04-15-2011

Re: Settled Capital One Account - SOL is almost up, what to do?

Well, it has about a week's life left on the CRTP.    Congrats!


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
New Contributor
amh783
Posts: 64
Registered: ‎05-16-2011

Re: Settled Capital One Account - SOL is almost up, what to do?

Does anyone have any guesses as to a score jump? This is one of 2 negative tradelines. My other is 2 30-day lates on a car payment in 2007 (which honda refuses to delete).

I'm currently at 700 and am wondering if this will be enough to get to 720


Starting Score: April 2011: EQ 606 TU 585 EX FAKO 574
Current Score: Dec 2012: EQ 738 TU 740
Goal Score: 800


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New Contributor
amh783
Posts: 64
Registered: ‎05-16-2011

Re: Settled Capital One Account - SOL is almost up, what to do?

Hi all, just a follow up. I pulled my scores today and I am at 740 TU and 738 EQ.
Trade line is finally gone! I got anxious and checked on 11/29 and it was still there, so they hung on until the very end. Worth the wait though! So glad to finally have that behind me!

Starting Score: April 2011: EQ 606 TU 585 EX FAKO 574
Current Score: Dec 2012: EQ 738 TU 740
Goal Score: 800


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