Greetings all. I am in need of help/advice. I had a Capital One CC that has been charged off since 2006. My intial LOC was $200, but through late fees and interest is has climbed to $895 as of today. I recently got a settlement offer from Plaza Associates for about 40% off. Seeing other forums, I sent them a certified DV letter. They sent me a printout of all my bill statements from Capt One. I sent them a second letter to once again properly validate. I received a letter with Capital One letter head stating that they verified and I owe it. The letter looked fake and it wasnt even in color, capt one usually sends official correspondences in color. I called the toll free number at the bottom and it said it was Sewell and Associates???
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I am trying to get a mortgage in the next few months and the mortgage company said they project a 100+ FICO score increases from all three bureaus which would put me in prime financing with a good rate.
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My question is should I PIF or Settle? I tried calling Capt One and they said they cannot do anything since the account has been charged off and sold so many times.
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Time is against me as we are trying to start the process in March
I had a collection account from Midland that was showing up on all three credit reports. Suddenly last week, my Experian FAKO score jumped 20 points up and the only difference was that the Midland account was no longer showing on my Experian report. It is still posted on on EQ and TU.Â
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I disputed this with all three bureaus in June and they all came back as verified as mine. I just sent a DV letter to Midland two weeks ago with no reply . Is the EXP drop a mistake? Can it come back on to the EXP report later? I am hoping that the DV caused the change on EXP and that EQ and TU are going to drop Midland too. Any thoughts?
I recently pulled all three credit reports and finally disputed a collection item that had been on my credit for at least 5 years. It was a medical bill for an auto accident that was not my fault and the insurer should have paid. The great news is that all three bureaus removed the negative item.
My fico thru Equifax was 726 as this was the only negative item on my reports. Will this improve my credit? If so, how fast? What type of jump in score should I expect to see if any and should I repull my credit anytime soon?
My wife and I are in the process of buying a home in the next 6-12 months. Thanks for the feedback.