Which is hurting me more?

[Anonymous]

A recent medical bill (from 2004) paid in full in December A 7 year old CO from Cap1, Balance of 1283 added to my outstanding debt/balance (out of total of $2k)

[fused]

Before I give you my answer, I have a few questions:

Are you saying this CO is only being reported by Cap1 and there is no CA involvement and no collection reporting?

Are you saying this Cap1 card is reporting a CL of 2K and a balance of $3,283?

[Anonymous]

It is a CO only, due to fall of in September.

It was never sold and never went to CA.


[TransUnion] Charged off as bad debt
Profit and loss write-off
[Experian] Unpaid balance reported as a loss by credit grantor.

[Equifax] Charged off account
Credit card
- - TransUnion Experian Equifax
- Past Due: $1283 $1283 $1283
- High Balance: $336 $1283 $336
- Terms:
- Limit:
- Payment: $0
- Opened: 12/09/1998 12/1998 12/1998
- Reported: 11/01/2007 01/10/2005 12/2007
- Responsibility: Individual Shared Shared

So it does NOT list CL, only high balanvce (336) and Past Due (interest). Hoping this isn't a 400% utilization

I'm pretty sure this went default well before 9/01 but in any event it is an oldie BUT is most of the outstanding debt I show. For instance when I do the Fico Calculator it allows me to estimate paying this off in full and I get a 50-70 point jump. On the other hand, they may not realize it is default.

Interesting to me that they don't allow you to pick tradelines to 'fall off' to estimate effect.

[fused]

COs can and usually do factor in util, while COs and collections reported by CAs do not. My guess is this charge-off balance is slamming you, not necessarily the CO in and of itself. If you pay this to $0, when it reports you should see a nice bump in scores. So yes, IMO, the CO is hurting you more than the med collection because of the balance.

[Anonymous]

Thanks.  Do you have any idea if Cap1 does PFD, especially for a written off debt out of SOL?  I am trying one more round of inquirie to get this off, I managed to get 3 others off last round, this one was apparantly a biz card which is not subject to FCRA (?). Hoping I can shake it loose, but looks like unlike collections that paying this old debt will help.

The FICO Simulator might be right in it's estimated 50-70 point bump even thouogh it thinks it is 'just' cc debt.  On TU this is the only balance i hold so it will lower util and balance to 0%.