I sent a paid in full check to Capital One a couple of weeks ago, which they have not cashed yet, on a charge-off account.
Over the last week, strange activity has been happening on my report.
The data is consistent now with all three bureaus:
Opened Date: 08/28/2003
Reported Date: 07/01/2008
Capital One has reported this as "new account information" three times within a week span. Now, the "Reported Date" shows 07/01/2008 when the real derogatory reporting began in 2004.
I assume this will (1) affect my FICO score more negatively because it looks like more of a recent collection than it is and (2) will allow the item, paid or not, to stay on 7 years from today.
My questions are:
1. Are my above assumptions correct
2. If they are, how to I fight Capital "The Great Satan" One and/or all bureaus since I'm the little guy?
I'm doing the right thing. I sent them a $1000 check to pay in full, didn't even attempt a PFD. They seem to be repaying my integrity by manipulating reporting dates to screw me good.