CleanUpWoman Posted July 28, 2005 Report Share Posted July 28, 2005 Hello All! I'm new to the board and boy am I glad I found it! I have read quite a bit over the past few days and I feel like an expert already, thanks to all of you!My situation is a little different (or so I think). I have just starting cleaning up mine and my boyfriend's credit over the past week. What lead me to do it was a denial for a Capital One Card. On July 9, 2005 he applied for the Capital One card online. He was denied for instant credit appoval. On Friday July 15th I decided to run both of our credit reports through all three agencies. Well low and behold, he has a Capital One charge off from a credit card he had in 1998. We had pretty much forgotten about the denial from Capital One, that is until a new card appeared in the mail today. I thought about the charge off on his credit, which lists it as a June 1998 account. The card arrived today, but I had already disputed with Capital One. Upon check the status of the dispute, I learned it's still pending. I couldn't help but wonder if activating the card would make him liable for the 1998 debt. Does anyone have any insight on this? Please help. Link to comment Share on other sites More sharing options...
codename_fortyseven Posted July 28, 2005 Report Share Posted July 28, 2005 I know capital one has some crappy "buy back your credit" cards they offer right before the account reaches the SOL. I wouldn't activate the card just because I hate crap one. Link to comment Share on other sites More sharing options...
rmuse00 Posted July 28, 2005 Report Share Posted July 28, 2005 I would not trust Crap One for one second. I am in the midst of suing cap one for fraudulently opening a credit card with my charged off dept and then reporting it on my CR. I never authorized, never talked to anyone never mailed anything. Plus they have the nerve to say I called in and verified! I can't wait to see how they can prove this! Now two accounts are charged off on my CR. I would be very weary of agreeing to anything sent by Crap One. If you still want to accept the offer be sure to read the terms and conditions very carefully as you never know what you are agreeing to. What I have seen is that Capital One is so shady they open cards, without customers being aware, just to absorb customers late fees or they "say" they will give new CL opportunities when customers are just paying off their old debts plus high interests which continues to ruin not improve customers credit. They are sort of setting people up to fail! Just google capital one and "suits" you will see how they are constantly being sued for illegal deceptive practices. MHO Link to comment Share on other sites More sharing options...
Ahntara Posted July 28, 2005 Report Share Posted July 28, 2005 If you know what's best for you and him, don't open a Crap One card. Do a search here and find out before you jump into that hornet's nest. Link to comment Share on other sites More sharing options...
CleanUpWoman Posted July 29, 2005 Author Report Share Posted July 29, 2005 Thank you all for your input. He has told me to just tear it up. I guess we'll rebuild using another credit card company. Link to comment Share on other sites More sharing options...
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