Recommendation on Cap One auto loan deficiency

Feb 282011
 

I had an auto repossession from Capital One with a reported $12,735 deficiency balance.  I’d like to work something out with them, but after reading about the SOL and waking these guys up, I want to get some advice before I take any action.

 

The DOFD was 06/2008, and from what I’m reading that’s when the California 4 year SOL clock starts.  Is that accurate?  Also, I don’t exactly have the 13K laying around so I wouldn’t be able to PIF and would have to set up some sort of monthly payment arrangement.  Anyone have any experience with Capital One’s willingness to do this for a balance that high?

 

Would it be best to completely leave this alone and see I can hold out until the SOL?  It’s no fun having that potential lawsuit hanging over my head, and I’d like to hear any suggestions.

 

Thanks in advance!

Confused about installment debt ratio

Feb 282011
 

Moved to Understanding FICO Scoring

Paying off a debt that was either assigned to a collection agency

Feb 282011
 

If I had a debt from the original creditor that was assigned to the collection agency and I paid the collection agency, I know the collection will update their records but does that automatically update the original creditor records as well?

AAMS – Medical Collector in West Des Moines Iowa

Feb 282011
 

Does anyone have any experience with AAMS (Automated Accounts Management)?  I have a LOT of collections from these guys on my reports, and they are killing my FICO scores.  I have already disputed with all CRA’s.  Now I’m looking at possibly PFD’s, and settlements.  I have already sent them one PFD CMRRR, and they never responded.  So I would like to either e-mail them or call them.  I already contacted the OC, and they stated they couldn’t pull them back from collections because they were over 2 years old.

 

Any tips would be great.

 

~Nick

settled amount for pfd

Feb 282011
 

I am in the process of sending out DV letter, and I got a letter in the mail from a creditor that says they will settle a $770.65 balance I owe to bank of america for $308.26. should I send them a pfd letter with the 308.26 amount?

the letter is a tax season offer special, lol

Can somebody help me?

Feb 282011
 

On my FICO summary there is a medical ca “447yc00000″ and “402yc00000″. I have tried googling them several diffferant ways and I cannot find information on the CAs. I am wanting to send PFDs. Can any give me any tips on how to find these?

 

Thank you :)

How do I go about rebuilding

Feb 282011
 

I want to get my credit back but just don’t know how to do it right. Can’t get a car loan dur to low score, had a bad spell few years ago with past due utilities but that is it no repos or bankrups no bad loans and I have no credit cards or debts. Have a decent job for the area, but just cant get a break. I need advice.

What a frustrating process..

Feb 282011
 

Obviously have screwed up, 5-6 years ago had a TON of lates(30, 60, 90, 120)… then slipped up again about a year ago, my wife took over the bills and 2 of our 11 CC’s didn’t get paid (I signed up for paperless)and 1 went 30 days late and another went 60 before we caught it.. Another part is our sky high utilization, was at 82% on our most recent pull it was 68%… but I am frustrated that my SW hasn’t budged from 591 in almost 4 months despite everything aging a bit and paying down utlization by about 1.7% a month… not expecting a huge jump, but would be nice to see even a 1 point jump..  And it makes it a bit even more frustrating since my TU has rebounded nicely to 658 when they were both mid 500′s in Aug 2010…

 

See what happens this month

 

Paid down my JCP ($160CL) from $124 to $0..

 

Paid down my last OL account ($4500CL) from $4540 to $3500

 

And paid my other balances down by about $500 (equals about 1.5% utlization)

 

This month my utlization has went from about 66% to close to 60% if I figured it out right….

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