01-02-2013 12:30 PM
I have a charged off that had a 30 day late of 9/07, and then charged off on 2/08.
I have sent several GW letters and have no received a response, I called their reporting department, no luck their aswell. This has come back to bite me in the you-know-what several times when applying for new line of credit.
Worst part of it all is I am a current Capital One customer with never a 30 day late since I opened a new account with them in 2010. The gave me a 2nd chance, but won't budge on the report.
The account was paid off when it was transferred to a CA and even the CA removed it from my report, now it just shows Capital One reporting it.
Should I suck it up and just wait another 2 years for it to fall off? Anything left I can try?
01-02-2013 01:54 PM
Cap1 is a tough one to crack. Have you sent to someone up the food chain?
01-02-2013 02:40 PM
01-02-2013 03:10 PM
They did a charge-off on an account that was only 30 days delinquent?
Between 9/07 and 2/08, did the account remain delinquent?
I ask because, in order to support a charge-off, the creditor must have reasonable basis for concluding the debt has become uncollectible.
If based solely on account delinquency, the normal standard is approx 120-180 days.
I suggest checking out the IRS regs on creditor charge-off, with an eye on challenging their presumption of uncollectibility.
01-02-2013 05:23 PM
I'm the exact same boat (almost).
I emaild the CEO, heard back and got a no.
So now i'm hitting the main office in UT to hopefully get someone who can show some sympathy.
Let me know how your end goes.
01-02-2013 07:42 PM
I attempted the same with Cap1 and they offered me a discount on the balance by removing some fees but no go on a deletion.
01-02-2013 07:50 PM
Definitely don't give up. I called Capital One in early December and asked them to update my account with the CRA's as I paid my card down to a $0 balance a few months earlier and when I pulled my report at the end of the month they had updated my balance and deleted my 30 day late from my reports. My score jumped 25 points and I wasn't even calling to ask them to remove the 30 day late.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.