Re: How to handle charged-off Cap One account

Posted by Angie (152.163.189.170) on October 31, 2002 at 10:46:41:

In Reply to: How to handle charged-off Cap One account posted by Phill on October 31, 2002 at 09:53:13:

CapOne is one of the worst reporting companies when it comes to OC's.

When a CapOne account is charged-off, CapOne reports the status of the account as having an "open balance" and a "current past due amount"
the reporting essentially "kills" your FICO score.

I am presently dealing with 2 CapOne accounts being reported this way. I have disputed the way they are being reported. In my case, the accounts are NOT PAST THE SOL; therefore, I run the possiblity of CapOne renewing collection efforts.

This is the type of reporting that puts a consumer between a rock and a hard place. If the account is not past the SOL, and you challenge the way its reported, CapOne is directly notified of the inquiry through investigation.

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