[enemys_enemy_is_my_friend]

BK7 discharged 12-2005.
Used a CRO and Fico is lower after 5 months than when I began...
All BK7, settled and sold CC accounts (except Cap1... some how changed to 2012?) are scheduled to be deleted from CBRS 2008...
Should I validate all accounts by RMRRR to see if some will be deleted now or just wait for accounts to be deleted from CBRS next year?

[roybean]

Originally Posted by enemys_enemy_is_my_friend

BK7 discharged 12-2005.
Used a CRO and Fico is lower after 5 months than when I began...
All BK7, settled and sold CC accounts (except Cap1... some how changed to 2012?) are scheduled to be deleted from CBRS 2008...
Should I validate all accounts by RMRRR to see if some will be deleted now or just wait for accounts to be deleted from CBRS next year?

What do you mean by 'sold CC accounts'?

And what do you mean by 'validate all accounts?'


I think you mean CMRR=certified mail return receipt?

[Enigma]

Accounts should show IIB and there fall off date is 7 years from the DOFD, while the BK notation itself can stay up to 10 years.

Stay away from CRO's IMHO.

[jlynn]

Have you started rebuilding? If everything is IIB, sold, or paid and closed your FICO will remain low.

[enemys_enemy_is_my_friend]

To answer your questions… about previous post…
1) Since I am a boomer sometimes digress to old credit card terminology. Approximately 8 years at a CC association and 8 years @ a CC bank so RR to me means road runner… my current ISP… and not return receipt requested…
Borrowed from my 401K to start my first business (sold 8 years later) during my LAST year in CC.
Besides credit… one of my other addictions was work… in the real world @ 17.
My mind told me I was invincible but many moons later my body screamed NOT which forced me to sell my other 2 businesses.
a) Many personal and 1 business credit card.
b) CBR shows all negative credit card accounts as settled and BK7 OR C/O BK7.
All will fall off at different times in 2008 EXCEPT 1 (changed same time I opened a new CC with same company to start rebuilding payment pattern) changed from 2008 to 2012.
c) Settled @ .20 on the dollar with 4 credit cards.
My CBR rates those settlements as a 5... Don’t go there… it aint pretty…
Live and learn… waste of money as ALL WOULD NOT settle.
d) Filed personal BK7 discharged 12-05.
2) A sold account… my CBRS shows sold to another lender.
Normally referred to in the credit card industry as a portfolio.
GOOD BAD & UGLY accounts packaged together and sold to another credit card bank to improve their bottom line while the new CCB hopes to increase their business size as well as their bottom line with the transaction. Occasionally a corporation will purchase an entire credit card bank as in the instance of Citigroup purchasing Associates National Bank from Ford Motor Company.
3) Now abhor CC’S due to tracking and privacy issues so did not begin rebuilding my credit history until 12-06… 3 is my limit… balances @ about 10% of credit limit on each only to re-establish good payment history pattern. Have some paid mortgages and CC’s in good standing. Fico was 660 B-4 CRO and now average is 651. Learned CRO BAD!

Hopefully answered all questions. I will list ONLY Cap1 CBR history…
1) NO WORRY…2 personal closed Cap1 CC accounts paid off… paid in full… CBR shows paid or paying as agreed on both
2) PROBLEM…1 personal Cap1 CC account… shows C/O in 2002… Included in BK7 2005… fall off date now as 2012? Instead of the previous 2008.
3) PROBLEM…1 business/personal Cap1 account shows C/O in 2002… Included in BK7 2005… shows fall off date 2008.
4) NO WORRY…1 new personal Cap1 account shows … pays as agreed

Have not had good luck with the credit bureaus.
On above Cap1 PROBLEM accounts 2 and 3… QUESTION: Should I try sending a request directly to Cap1 including partial account number from CBR and other pertinent info EXCEPT my SS# for account validation/verification requesting signature, copies of charges etc? Hoping they will not take the time to research and just delete the 2 negative accounts?

[Qtip]

Capital one is about the worst credit card out there, I am hoping others can chime in as dealing with original creditors is not the same as dealing with collection agencies.

[Hedwig]

Cap One is not going to delete the accounts, in my opinion. They will produce the documentation you request. That's one reason they usually collect on their own debts--they have the documentation.

As far as their cards go, it depends what card you have. Their prime cards can be very good, and I've gotten some good offers since I got a prime card with them. Things like BTs (check can be made to you) at 3.9% for the life of the transfer. Their subprime cards, however, suck. I had one, closed it, and had no accounts with them for about 8 years until I got the prime offer.

[Enigma]

If the two accounts were included in bankruptcy, then they are reporting incorrectly.

I would dispute with the CRA saying they are reporting incorrectly and also notify Cap1 of same.

[jlynn]

Originally Posted by Enigma

If the two accounts were included in bankruptcy, then they are reporting incorrectly.

I would dispute with the CRA saying they are reporting incorrectly and also notify Cap1 of same.

I would take it one step further and dispute with specificity. Accounts illegally reaged. Balance History does not agree with scheduled date of removal.

Definitely need to dispute with specificity to Cap 1 directly. Read FACTA - they can decline to investigate for vague reasons. Do some research and see if you can find a high up muckety muck, such as General Counsel...address disputes to them.

[jlynn]

Originally Posted by enemys_enemy_is_my_friend

Fico was 660 B-4 CRO and now average is 651. Learned CRO BAD!
)

Even if you DIY, its not unusual at all for scores to go down during repair, before rebounding. Some of it actually has to do with how the CRAs report dates, and how FICO interprets them.

Some don't realize that if you have a negative, but it is very old, its age may be helping more than the negative notations are hurting.

[Hedwig]

Capital One's General Counsel (for the corporation that is the holding company for all subsidiaries) is John G. Finneran.

Cap One's corporate address is 1680 Capital One Drive, Mclean, VA 22102.

[enemys_enemy_is_my_friend]

Thanks to all! Found Chief financial officer ...Executive offices in McLean on Yahoo... Capital One annual reports... have used annual reports executive office phone numbers before to bypass all the BS and contact an executive's office with good luck thus far (not on credit related items) but was unable to find general counsel... thanks to Hedwig I now have it!

[Hedwig]

No problem. Through school I have access to some financial databases and can often find that kind of info.