Cap One Help!

[kingnothingkc]

I have two accounts on my Credit Report that I am trying to figure out the best way to get cleaned up. They are two Cap One accounts as follows:

Cap One #1: High Credit $370 Balance $1882 date of last activity 10/98

Cap One #2: High Credit $828 Balance $875 date of last activity 01/03

I have close to $1,500 that I can use to pay these off but I need to know the best route to minimize the damage to my credit report. I realize that after 11/05 the first account will come off my report.

1) If I try and settle now on both accounts, will the clock reset and both items be on my report another 7 years? Or will the first account come off in November and the second in 2010? (Assuming I cannot get Cap one to show paid as agreed).

2) Do I wait until 11/05 then try and settle just the second one, or will Cap One still hold me liable for the first account as well?

[pinkglass]

well from my experience cap ne promised pay for delete. i paid full amt and they never deleted. i called to ask them to delete and the "supervisor" told me that whoever i talked to before lied to me and i would have to wait for it to come off my report. she was very rude and hung up on me. they will not do anything for me, and from what ive read on these boards they act like that to everyone.