I think I made a mistake on my credit repair tactics. Prior to joining this group and reading all of the valuable information, I had a charge off from Capital One on my CR. The last date of reporting was 2/2016, stating charged off and paid with lower amount owed. I called Cap 1 and found out that I had paid a settlement amount of $75 less than owed. I thought I was doing the right thing when I said I would pay that, so it would show paid instead of settled. Well, they updated with paid alright, and it also updated the reporting date to be 9/2018. Shot my transunion straight down by 94 points 
... Is there anyway I can get this fixed? I've already submitted a Goodwill letter to CEO and got a call this morning stating they will review my letter and get back to me within 3-5 days. Not holding my breath that they will do that though.
Ask if you can pay the balance in full rather than settling the account. It may be too late to change the out come.
@Sadie5150 wrote:I think I made a mistake on my credit repair tactics. Prior to joining this group and reading all of the valuable information, I had a charge off from Capital One on my CR. The last date of reporting was 2/2016, stating charged off and paid with lower amount owed. I called Cap 1 and found out that I had paid a settlement amount of $75 less than owed. I thought I was doing the right thing when I said I would pay that, so it would show paid instead of settled. Well, they updated with paid alright, and it also updated the reporting date to be 9/2018. Shot my transunion straight down by 94 points
I would keep sending letters to every address I could find.
Explain the simple situation:
"I should not be penalized for giving you more money."
GL!
@Sadie5150 wrote:I think I made a mistake on my credit repair tactics. Prior to joining this group and reading all of the valuable information, I had a charge off from Capital One on my CR. The last date of reporting was 2/2016, stating charged off and paid with lower amount owed. I called Cap 1 and found out that I had paid a settlement amount of $75 less than owed. I thought I was doing the right thing when I said I would pay that, so it would show paid instead of settled. Well, they updated with paid alright, and it also updated the reporting date to be 9/2018. Shot my transunion straight down by 94 points
It seems that once you get on Cap1's bad side, they will never pass up an opportunity to screw you again. What happened was on the old TL (before the payment) they had a DOLA of 2/2016. Once a derog TL hits 2 years old it loses some of its impact on your score. Your mistake was paying them at all - you gave them a new DOLA of 9/2018 which looks to FICO like a brand new default. Next time, if a creditor go 2 years without pressing hard for payment, don't pay them at all unless you have a written agreement that they will not report anything to any CRA.
Lesson learned for sure . I have written letters and addressed them to 9 different emails to corporate offices, along with an email to the CEO to plead with them for at least a reversal of this latest information reported. I laid it all out there, telling them why I was so irresponsible and not paying them back in 2014. I had taken full responsibility for charge off. Now, I'm just praying they will reverse this last reporting.
@Anonymous wrote:
@Sadie5150 wrote:I think I made a mistake on my credit repair tactics. Prior to joining this group and reading all of the valuable information, I had a charge off from Capital One on my CR. The last date of reporting was 2/2016, stating charged off and paid with lower amount owed. I called Cap 1 and found out that I had paid a settlement amount of $75 less than owed. I thought I was doing the right thing when I said I would pay that, so it would show paid instead of settled. Well, they updated with paid alright, and it also updated the reporting date to be 9/2018. Shot my transunion straight down by 94 points
It seems that once you get on Cap1's bad side, they will never pass up an opportunity to screw you again. What happened was on the old TL (before the payment) they had a DOLA of 2/2016. Once a derog TL hits 2 years old it loses some of its impact on your score. Your mistake was paying them at all - you gave them a new DOLA of 9/2018 which looks to FICO like a brand new default. Next time, if a creditor go 2 years without pressing hard for payment, don't pay them at all unless you have a written agreement that they will not report anything to any CRA.
That is not accurate at all.
Cap One is probably the most forgiving bank there is.
I burned them and now have $80k in credit cards and a 2.49% car loan with them.