cheyenne52883 Posted January 22, 2008 Report Share Posted January 22, 2008 On my Capital One account it lists:DOLP: 12/2005DOFD: 8/2004I am not sure which one determines the SOL....Also they list:Balance Due: $994Charged Off Amount: $875Can someone tell me why they would be different? Link to comment Share on other sites More sharing options...
Elrey26 Posted January 22, 2008 Report Share Posted January 22, 2008 On my Capital One account it lists:DOLP: 12/2005DOFD: 8/2004I am not sure which one determines the SOL....Also they list:Balance Due: $994Charged Off Amount: $875Can someone tell me why they would be different?So you made a payment on the past due acct in 12/2005? If so that restarts the SOL and you will be basing it on the date your acct became due and you missed the final payment. The way it seems from reading it, you missed a payment back in 8/2004, and continued to make payments until 12/2005. If that's correct then my above statement holds true. If I'm wrong someone let me know ;p Link to comment Share on other sites More sharing options...
2001Badyear Posted January 22, 2008 Report Share Posted January 22, 2008 So you made a payment on the past due acct in 12/2005? If so that restarts the SOL and you will be basing it on the date your acct became due and you missed the final payment. The way it seems from reading it, you missed a payment back in 8/2004, and continued to make payments until 12/2005. If that's correct then my above statement holds true. If I'm wrong someone let me know ;pActually that's not correct, sorry.The DOFD is the all important date and the other rarely to never mean anything. That's what starts your clock OP. Example, say you got your bill for May and never paid it. Nothing in June, paid some in July BUT not enough to bring current, then nothing there after. Your DOFD is May, your DOLA (last activity or payment) is July. The key here is the first time the payments were missed and never brought current. Link to comment Share on other sites More sharing options...
cheyenne52883 Posted January 22, 2008 Author Report Share Posted January 22, 2008 So since I am in California that means the SOL for that account is 4 years from DOFD: 8/2004.. That would make the SOL 8/2008 right?I have heard that Cap One is infamous for suing balances of $1000 or higher... Since my balance is $994 (charge off amount of $875) should I be worried?Should I try to get a settlement offer in with them ASAP or should I wait to settle after the SOL has passed? Link to comment Share on other sites More sharing options...
2001Badyear Posted January 22, 2008 Report Share Posted January 22, 2008 Not sure what the SOL is for California, but if it's 4 years (these are generally, but not always) treated as "open". Any activity from you right now on this might force their hand, and your SOL has not run. You can lay low, but remember that is a gamble. Is this already with a CA or still with Crap? Link to comment Share on other sites More sharing options...
cheyenne52883 Posted January 22, 2008 Author Report Share Posted January 22, 2008 It is still with Crap 1... Link to comment Share on other sites More sharing options...
Elrey26 Posted January 22, 2008 Report Share Posted January 22, 2008 Thanks Badyear... I appreciate your correction. It seems there is a lot of confusion on this issue, but I think I got it. Again, thanks. Link to comment Share on other sites More sharing options...
2001Badyear Posted January 23, 2008 Report Share Posted January 23, 2008 It is still with Crap 1...There's two different things you'll hear on this board. The one I might advise is if still with OC, you might wish to work something out with them, but they are notoriously difficult. They can sue you since still in SOL realm, so I would avoid kicking them in the nads over anything right now. The amount is low, so it might be something they'll work with you on. Maybe you can get a PFD? Remember, you bring attention to yourself when you do this, so it's a gamble and you may only get an update to Paid/CO. You can try to knock that off later.You can wait, is another option unitl the SOL is up, about 7-8 months and hope it either hasn't hit a CA or they haven't sued. If you get to that point and with a CA it really isn't worth anything to you to pay it because a paid collection looks as bad as an unpaid one. Read around the board and see what others are doing.Good luck. Link to comment Share on other sites More sharing options...
cheyenne52883 Posted January 23, 2008 Author Report Share Posted January 23, 2008 Just opened my mail and saw that Cap 1 has sent my acct to a collection agency... Creditors Interchange....Is that good or bad? Link to comment Share on other sites More sharing options...
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