12-05-2012 12:38 AM - edited 12-05-2012 12:50 AM
I missed a couple of payments on my Best Buy card in 2010. I'd like to try out a goodwill letter, but I'm not sure whether I should send it to HSBC or Capital One. As you're probably aware, Capital One bought most of HSBC's accounts earlier this year, and my Best Buy account was among those.
I'm a little confused because my Transunion and Experian reports list the account as HSBC Best Buy, but my Equifax report lists it as CAP1/Damark International Inc.
The contact address is the same on all three: PO Box 5253 Carol Stream, IL 60197.
Should I just send my GW letter to that address or should I send it somewhere else?
Should I send the letter to HSBC because they were the last to report the account or should I send it to Capital One because they now own it?
12-05-2012 03:22 AM
Send it to both, it's not going to hurt anything.
If these were 30 days lates, chances are they are not affecting your score much anymore and would only be beneficial during a manual review.
12-05-2012 05:36 AM
CapitalOne acquired HSBC's consumer credit card portfolio earlier this year and they are now in the final stages of transition. I have two Orchard Bank credit cards that are now reporting as CapitalOne on my credit report.
12-05-2012 11:09 AM
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.