topic Re: Capital One CO now Soloman Collections in Rebuilding Your Credit

Capital One CO now Soloman Collections

Cyeron — Wed, 17 Jun 2020 20:03:12 GMT

I have a Capital One CO that just turned into a collections. Soloman is collecting for Capital One now.

Opened in June 2013

Last time I paid was Dec 2015

Charged off on July 2016

This debt showed up on Equifax as a collections 2 days ago. I took a 26 point hit

How should I handle this

I do know this.

The Massachusetts statute of limitations is six years for any debt, regardless of whether it is a credit card debt, written contract or oral agreement. So, if more than six years have passed since a debt became due or since the debtor last made a payment, the lender no longer has the opportunity to take collection actions.

Re: Capital One CO now Soloman Collections

FireMedic1 — Wed, 17 Jun 2020 20:13:44 GMT

There isnt much luck with Cap1 removing stuff. If 6 yrs is the SOL in your state. They cant bring suit against you after that. Before yes. Then in 2022 will be fall off date from your CRA reports. Type in the search bar above" Cap One GW success" or Google the same and add MyFICO in the search bar and there are many stoires on the different ways people were successful. But there is no set way and each one is handled differently.

Check out the GW Saturation Plan:

https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/The-Saturation-Technique-Best-GW-adjustment-odds/td-p/4727098

Re: Capital One CO now Soloman Collections

gdale6 — Thu, 18 Jun 2020 14:46:34 GMT

@Cyeron wrote:
I have a Capital One CO that just turned into a collections. Soloman is collecting for Capital One now.

Opened in June 2013
Last time I paid was Dec 2015
Charged off on July 2016

This debt showed up on Equifax as a collections 2 days ago. I took a 26 point hit

How should I handle this

I do know this.
The Massachusetts statute of limitations is six years for any debt, regardless of whether it is a credit card debt, written contract or oral agreement. So, if more than six years have passed since a debt became due or since the debtor last made a payment, the lender no longer has the opportunity to take collection actions.

They can attempt to collect forever unless its discharged in a BK. If its Solomon reporting I would try the PFD with them to get their TL off your CR. Cap-1 most likely will not delete their TL, best chance for goodwill with them is in the last year it can report.