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Posts: 879
Registered: ‎05-29-2008
Re: Interesting to those seeking settlement with Cap 1?

hoping2rebuild wrote:

valley_man0505 wrote:
That's odd. My CrapOne is shown with an almost identical balance with all 3 CRA's.  Is the "date last reported" the same on each of yours?
FYI...I am up to about $5500 on a card that originally had a $2000 CL and I never went over the limit when the card was active.

Everything is the exact same on mine except the balance!
I started with a 550.00 CL and never charged over 400 on it and you see
how much they jacked up the intrest and penalties on my CO

Like I said, everything is the same on mine for all three bureaus including the balance.  The strange thing, though, is that TU is counting the balance towards my utility which is putting me at something like 130% utility.  EQ, on the other hand, has all the same information, but IS NOT counting the balance toward my utility.  I don't know what EX is doing since they don't show the UTL value on the MyFico report, but I don't think they are counting it towards my UTL.  Paying this off should have a pretty good effect on my TU score since it would lower my UTL, but I don't know what it would do to my other scores.