SHM88 Posted March 16, 2007 Report Share Posted March 16, 2007 I have a question about Capital One who is the OC.The DOFD is 06/2005 so it is not past the SOL for VA.It was CO on 12/2005 @ $600.00My question is: Should I DV the OC here? I'm a little worried because the SOL hasn't past on this debt. Even though it was CO in 12/2005, the balance is now up to $808.00. If I wait until the SOL is up, it could well put me over $1000. Every month is it updated with a new balance.The status reads: Account charged off/Past due 150 days. $794 Written off.$808 past due as of March 2007.Any thoughts as to how I can go about this?Thanks Link to comment Share on other sites More sharing options...
SHM88 Posted March 16, 2007 Author Report Share Posted March 16, 2007 *bump Link to comment Share on other sites More sharing options...
willingtocope Posted March 16, 2007 Report Share Posted March 16, 2007 What is it you want to accomplish? The TL looks accurate...is it that you don't think this is yours? Link to comment Share on other sites More sharing options...
SHM88 Posted March 16, 2007 Author Report Share Posted March 16, 2007 I disputed the account as not mine. They verified.But I guess my real question is, can they keep increasing the amount due if it's been charged of since 2005 @ $794 Link to comment Share on other sites More sharing options...
willingtocope Posted March 16, 2007 Report Share Posted March 16, 2007 But I guess my real question is, can they keep increasing the amount due if it's been charged of since 2005 @ $794Yep...fraid so. Charge off is just an accounting term. Doesn't mean squat to us. You still owe...they can still try to collect...they can still charge interest up until the TL says "sold to another lender" or until they issue you a 1099c for the "found income". (And, even if you get the 1099c, there still might be a JDB coming at you for the account). Link to comment Share on other sites More sharing options...
SHM88 Posted March 16, 2007 Author Report Share Posted March 16, 2007 Really.... hummmmThanks for the info.. Link to comment Share on other sites More sharing options...
June Posted March 16, 2007 Report Share Posted March 16, 2007 My question is: Should I DV the OC here?Oh, we never DV within the SOL period. Too risky!!!The status reads: Account charged off/Past due 150 days. $794 Written off. $808 past due as of March 2007.It is well over a $1000 now; $794 (written off) + $808 (past due) = $1602 (I think?) Link to comment Share on other sites More sharing options...
Recommended Posts