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Plight · Posted: Thu Jul 24, 2008 9:44 am Subject: 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?

Guest · Posted: Fri Jul 25, 2008 5:17 am Subject:

As far I have heard Capital One are one of the toughest nut to crack and get a Pay to Delete. But Iâ€™ll say, talk to them first and hard bargain with them. After bargaining theyâ€™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.

Plight · Posted: Fri Jul 25, 2008 9:53 am Subject:

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?