Capital One Charge Off

I have a debt from capital one that is a little less that 1000 dollars that was charged off a couple years ago. The account is not showing as being sold on my report so I assume they still own it. This account is 2 years overdue and I am concerned about it hurting my allready abtetred credit score if I pay it off.

Has anyone had any success in getting capital one to remove negative entries from credit report after paying the full amount owed on a chrage off?

As far I have heard Capital One are one of the toughest nut to crack and get a Pay to Delete. But I’ll say, talk to them first and hard bargain with them. After bargaining they’ll quote a minimum amount which they can accept. Press them for a pay-for-delete, which they can do.

Please make it sure that the every communication you do with them is documented. You should send a letter through a certified mail.

Yeah I called them to verify they still owned the debt, and mentioned a PFD and they said it was not an option and the only thing I could get would still have chargeoff applied to it. Whether it be a PIF-chargeoff or settled-chargeoff...

I assume this is because the person on the phone simply didnt have the authority to negotiate?

Capital one is VERY. difficult. They. Offer crapy settlements and. they refused to remove charge off if i paid in full so good luck

Hi!
Welcome to the forums!
I think they will update your account status as "Paid charge-off" or "Settled charge-off". I feel that it is better to talk to the supervisor of the customer care department of Capital One. A "Settled" or "Paid charge-off" status on your credit report is much better than a "charge-off". Check out the steps to settle your debts on your own from the following page:
http://www.debtconsolidationcare.com/steps.html