Sorry, this may be long...but I'm in the process of disputing. I receive "bills" from NCO on my old CAPONE card. Below is how it shows on my credit report. 1) None of the balance history shows $ I paid to Arrow Fin, who had the account in 2003, to make a pay-off deal. 2) How is it that CAP ONE BK is reporting but they will NOT deal with me, they refer me to NCO. 3) What does charged off EACH AND EVERY month mean? 4) If the date of status is 07/2002, should I just wait until 07/2009 and let SOL run out? PS The amt owed is interest... THANKS:)
CAP ONE BK
Status:
Account charged off/Past due 180 days. $972 written off. $1,014 past due as of Jan 2008.
Date Opened:
07/2000
Type:
Revolving
Credit Limit:
NA
Date of Status:
07/2002 Terms:
NA High Balance:
$1,167
Reported Since:
07/2000 Monthly Payment:
$0 Recent Balance:
$1,014
Last Reported Date:
01/2008 Responsibility:
Individual Recent Payment:
$0
Your Statement:
NA Add Statement
Creditor's Statement:
Account closed at credit grantor's request.
Account History:
Charge Off as of Jan 2008, Nov 2007, Oct 2007, Sep 2007, Aug 2007, Jul 2007, May 2007, Apr 2007, Mar 2007, Feb 2007, Jan 2007, Dec 2006, Nov 2006, Oct 2006, Sep 2006, Aug 2006, Jul 2006, Jun 2006, May 2006, Apr 2006, Mar 2006, Feb 2006, Dec 2005, Nov 2005, Oct 2005, Sep 2005, Aug 2005, Jul 2005, Jun 2005, May 2005, Jan 2005, Oct 2003 to Dec 2004, Apr 2003, Dec 2002, Oct 2002, Aug 2002, Jul 2002, Jun 2002
180 days as of May 2002
150 days as of Apr 2002
120 days as of Mar 2002
90 days as of Feb 2002
60 days as of Jan 2002
30 days as of Dec 2001
Balance History:
11/2007 $999
10/2007 $991
09/2007 $983
08/2007 $976
07/2007 $968
05/2007 $953
04/2007 $945
03/2007 $938
02/2007 $930
01/2007 $922
12/2006 $915
11/2006 $907
10/2006 $899
09/2006 $891
08/2006 $883
07/2006 $876
06/2006 $868
05/2006 $861
04/2006 $853
03/2006 $846
02/2006 $838
Limit High Balance History:
Between Feb 2006 and Nov 2007, your credit limit/high balance was $1,167
1) None of the balance history shows $ I paid to Arrow Fin, who had the account in 2003, to make a pay-off deal.
Do you have any proof of your payments?
2) How is it that CAP ONE BK is reporting but they will NOT deal with me, they refer me to NCO.
They may still own the account, but hire a NCO to receive payment...they are not obligated to deal with you--that is what the CA is there for.
3) What does charged off EACH AND EVERY month mean?
Sounds like CapOne is reporting on a monthly basis. Your account was a charge off in June 02, and is still a charge off.
4) If the date of status is 07/2002, should I just wait until 07/2009 and let SOL run out?
Dispute until you run out of reasons to do so. Since CapOne reports your account monthly, you may not have a choice but to ultimately wait it out.
thanks for answering!
1) I do have proof of one payment to Arrow Fin, a check (I can't find but am trying) but a bill that says they received the payment and some more is due.
3)What does "still a charge off" mean for me in terms of credit and in terms of disputing and in terms of SOL?
4) So disputing will NOT restart the SOL clock?
1) If you can find your proof of payment, then you should be able to successfully challenge the amount due
3) Charge offs hurt your score more than a late...in terms of SOL, 7 years of credit reporting start from date of charge off. SOL for lawsuits usually starts from date of last payment (this can be reset)
4) Correct.
CHarge oFfs
So, the way I see it as if CAP ONE is reporting a charge off every month... then the SOL starts over every month?
I think you need to consult a credit org. or an attorney.