These are the actually charges from US Bank. I tried to pay the entire bill before it was charged off, but I wanted them to take the 500 security deposit off. They said they already had. These are the charges that they have added and they will not budge on that. I have talked to them and they want 1900. I would like to pay the debt by I do not believe I owe that much.

Thanks for your input.

here's my story with cap one, three years ago my account was charged off. three days ago, i called my bank's 1-800 number to check my balance, as my paycheck is direct deposited. My account was overdrawn by hundreds of dollars. When I called the bank, they told me that cap one had a garnishment on my account and my funds had been frozen. Needless to say i called the credit card company and got someone in the Phillipines who spoke very little English. She told me that the department I needed to talk to was not open on Wed. so I had to wait until Thurs. to speak to someone. So, here I was without access to my money. Luckily I had a few hundred stashed away which I deposited to cover the overdraft, but now my Visa check card has been revoked. My advise is say no to capital one.

A payment of 30.00 needs to be made so that my account is not charged off. I don't know this person calling and I don't want to send my debit card over the phone. What do I do?

[cajunbulldog]

Linda,
Contact your creditor and find out alternate payment options if you are uncomfortable with a check by phone.

Charged off accounts can be reopened in certain conditions. You would have to contact the creditor and ask for their retention/loss migration dept. If the creditor is willing to do it,you get the affect of having a positive tradeline from date of account originally opened.

I am dealing with a collection agency, MRS associates, for my charged-off cap one card. As an aside, they have actually called my mother in law and given her detailed information about the account...Nonetheless... They have offered a settlement amount of 50% of what they say I owe, which is actually the amount of the original debt before fees. The rep I spoke with said they would only accept check by phone, and that they would send me a letter detailing the terms of settlement. I know I need to send a check certified mail, after they've signed an agreement..I'm just not sure what the agreement should say. Any suggestions?

On my credit report, MRS does not show up, only CapOne as charge-off. Will settling the debt with MRS with a written agreement to change status to "paid as agreed" actually even apply to the report from CapOne?