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I DID IT! CAP ONE CHARGE-OFF FINALLY PAID

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Regular Contributor

I DID IT! CAP ONE CHARGE-OFF FINALLY PAID

Beginning last September, I paid off one Cap One charge-off.  It went to collections, so I ended up paying $400 and something.  What I owed was much less than that before it went to collections when they tried to gouge me. That's before I really began reading on here and gained some knowledge. 

 

Anyway, then I began working on the second Cap One charge-off of $3,966 before it went to collections also.   I called Cap One and set up a payment plan. I was down to $1,116 after a payment the first of last month.  But I listened to a couple of posters on here who stated it would continue to harm me as it kept reupdating every month.   I called Cap One and asked if they could take some off of the remaining $1,166 so I couldl get it paid instead of dragging out payments for five or six more months..  They took $400 off of the $1,166 and broke the remaining balance into two payments for me and told me it would report as paid in full once I paid the balance.  I paid the first half 30 days ago and just called and paid the remaining agreed-upon amount.  The CR said it could take a couple of months to update as paid.  But it's done.   What a relief.     Thanks for the encouragment.

 

 

Open Credit Cards:
Green Dot Primor Secured (5/18) - $450 CL
Capital One Platinum (8/18) PC'd to Quicksilver (9/19) - $600 CL
Capital One QuicksilverOne (3/19) - $1500 CL
Merrick Bank DYL VISA (6/19) - $700 CL - (Doubles to $1400 CL 12/19)
Discover it Cash Back (9/19) - $1000 CL

Experian FICO Score - 8/2018: 528
Experian FICO Score - 9/2019: 647
Message 1 of 9
8 REPLIES 8
Valued Contributor

Re: I DID IT! CAP ONE CHARGE-OFF FINALLY PAID

Congratulations on your success!
Message 2 of 9
Senior Contributor

Re: I DID IT! CAP ONE CHARGE-OFF FINALLY PAID

Congrats.





My posts are JMHO. I DO NOT claim to be a FICO expert. Just sharing my experiences from rebuild to recovery after BK DC. My siggy is not to brag at all. Just to show fellow members what can be accomplished when you do it right and play the FICO Credit Game.
Message 3 of 9
Valued Contributor

Re: I DID IT! CAP ONE CHARGE-OFF FINALLY PAID

Nicely Done!!👍👍👍


I❤️NY




Goal Score: 600(within a year)**MET MY GOAL**
Goal Score: 650(within a year)


Take the myFICO Fitness Challenge

























Message 4 of 9
Senior Contributor

Re: I DID IT! CAP ONE CHARGE-OFF FINALLY PAID

Congrats - always good to rid yourself of an albatross like that. Onward now Smiley Happy


Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | IT Cash | IT Chrome | Quicksilver | Target | VS | Home Depot | Lowes | Firestone | Wayfair | Overstock | Kohl’s

5/24, 1/24, 76445/24, who cares #HappyWithAmex





Entering the garden 5/27/2019, staying until 2020
(Lol so much for that grand plan...)
Message 5 of 9
Regular Contributor

Re: I DID IT! CAP ONE CHARGE-OFF FINALLY PAID

Yes

Congratulations on your perseverance and success in follow through!

I had two CO with Cap1

Now just have to be patient for about 60 days for them to fully update on each CRA
Message 6 of 9
Member

Re: I DID IT! CAP ONE CHARGE-OFF FINALLY PAID

Well done! Congrats ! Nothing like scratching one baddie off your list! Cheers, may you have continued success!

Discover 22K ---------------------------- Credit Union MC 12K
Cap1 QS 10K ---------------------------- Barclay 3.4K
AMEX Blue Cash AU 15.5K ------ Barclay Apple AU 10K
2 Installment loans:
Auto 15K / 39K ---------- Auto 28K / 39K
Vantage 3.0: TU:734 EQ: 730 10-15-19
Ch. 7 DC 12/2014
Message 7 of 9
Super Contributor

Re: I DID IT! CAP ONE CHARGE-OFF FINALLY PAID

CONGRATS!

 

You should head to Club U🧦 in smorgasbord to celebrate, on us. First bottle on the house.*

 

*Restrictions apply. Top-tier liquor is not included, but can be substituted at an additional cost. Bottle service is restricted to a party of no more than 5 per bottle. 2 hours included at no charge, after which regular fees apply. This offer is for intended recipient only and can not be transferred or gifted. MyFico ID and credit report is required for entry and redemption of gift.







Message 8 of 9
Frequent Contributor

Re: I DID IT! CAP ONE CHARGE-OFF FINALLY PAID

Congratulations!!! Smiley Happy


Starting Score: TU-470 4/11/19, EQ-482 4/11/19, EX-486 4/11/19
Current Score: TU-507 7/18/19, EQ-517 7/18/19, EX-508 7/18/19
Goal Score: TU-700, EQ-700, EX-700


Take the FICO Fitness Challenge
Message 9 of 9
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