Quick Qst: Cap 1 Debt

[AfterTheStorm]

I owe them about 1500.00 for after Katrina help.

Now a CA has contacted me.

I'd like to purchase a home in a yr.

Should I

1. Dispute first. If Cap 1 doesnt respond the negative reports they placed on report are gone.
2. Or try to settle the account?

Im told even if Cap 1 fails to respond, the CA has a SEPARATE account on my report, is that correct?

Anyone had any luck with Cap 1?

[AfterTheStorm]

I just called and they said...we don't do letters of deletion.

What now?

[llecs]

I would pull all three of your CRs to see how CapOne is reporting and to make sure there are no CAs reporting on their behalf.

CapOne usually keeps the debt and will hire CAs to go after you. If you just got a letter, send a DV ASAP CMRRR. There's a high chance they won't validate and will go away. But more will come in their place.

If reporting as a CO CC with a balance, then it is hurting your scores due to the utilization. I would start saving now for 100%. You can always use what you save to offer PFDs between now and the time you home buy. CapOne is not known to accept PFDs. When you get closer (2 mo. prior) to the home buying date, and they still haven't accepted PFDs, then I would bite the bullet and pay 100%. You'll likely see an increase in scores.