Best Resolution

[Anonymous]

I have an old credit card account that dates back as an charge off since 2003. It still appears on my credit file which contributes to a high revolving percent and is having a negative affect on my score. Now the question is should I write a "pay for delete" letter to the collection agency or to the Original Creditor, Capital One. Since the account is with a collection agency is it to late to write a letter to the OC asking the to accept full or partial payment for removal? Also, the OC sent me accurate documentations about the account in question $2200 past due. What would you advise? Thank You. BossHogg

[Anonymous]

Capone is not very receptive to PFD.

If past SOL - give it a shot-

[azsassycat]

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I have an old credit card account that dates back as an charge off since 2003. It still appears on my credit file which contributes to a high revolving percent and is having a negative affect on my score. Now the question is should I write a "pay for delete" letter to the collection agency or to the Original Creditor, Capital One. Since the account is with a collection agency is it to late to write a letter to the OC asking the to accept full or partial payment for removal? Also, the OC sent me accurate documentations about the account in question $2200 past due. What would you advise? Thank You. BossHogg

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I would send a PFD to the OC (Capital One) even if they are unlikely to accept it - you may be the one they accept.  If they don't agree to the PFD sent it to the CA.  Worst case - you may just have to PIF, then at least it won't count towards your revolving debt percentage.  Any experts - please feel free to adjust my answer.  Let us know how it works out.

Cathleen

[Anonymous]

BOSS,  what is your SOL?

http://www.bankrate.com/brm/news/cc/20040116b2.asp?caret=8

Cap1 is awful to deal with!!!  If it were me I would do nothing with it until past SOL. They will file a lawsuit with just a dispute.

If within SOL send a PFD to them (not the CA) be ready to pay in full!!