I'm confused about a negative report in my file (Please Help)

[ltorres25]

Hi everyone,

As you can see I am pretty new to this forum but in the short amount of time I have been here I have made tremendous progress on brining my score up and cleaning out my report, Thank you all for the information you have been sharing.

Now to the purpose of this thread. I have a capital one account (baddie?) in my credit report from 4 years ago that got sent into collections and charged off because I didn't pay and was soooo irresponsible at that time (19 years old). So here is where I am confused, when I initially got my credit report I had a collection agency Portfolio Recovery Assosciates and the original creditor capital one reporting the same account. I disputed as advised by the community and eventually the collection agency sent me a letter saying that they are removing the account from my report and they have.

Now I am left with the OC reporting the account but here is what the contact information shows:

CAP ONE

Potentially Negative Closed

No Phone Provided 

Mailing Address:PO BOX 85520 RICHMOND, VA 23285

Transferred to another lender or claim purchased

Who do I contact about this? If captial sold the account to the CA and they deleted it from my report should this be removed also or is that just wishful thinking on my part?

Thanks to anyone who can break this down for me

[llecs]

I hope nobody in here advised you to dispute it, assuming it is reporting correctly.

CapOne is supposed to report. They should be reporting as a paid CO. They can do so for 7-7.5 yrs past DOFD. The only steps you can take with them is to send a GW.

Keep an eye out for Portfolio's replacement. They'll likely sell the debt to someone else.

[ltorres25]

Thanks for the response, hopefully PRA doesn't sell to someone else. If they do, does that letter they sent me saying they are removing it mean anything?

Oh, and about the dispute, I disputed it because they added a payment that I never made a year after the last date of activity and that changed the SOL for another year.

[llecs]

No, that letter won't help unless it says that the debt is invalid or you don't owe any money or something like that. They likey gave up and decided to find someone else to pick on.

If placed in the same situation again, ignore the extra payment date. While it is grounds for any dispute, and maybe they were trying to set you up, if it ever came down to it they'd have to prove that extra payment in court and SOL only applies to being sued. It still would have deleted on schedule.