I am racking up violations against CapOne!

[betam4x]

Hi Everyone,

I recently paid charge offs from Capital One and I was shocked to discover that they did not show the charge offs as complete paid on my credit reports. They DID update the entries, but they still showed that I owe small amounts, like $9 on one of the accounts. Upon contacting them to correct the issue no one would take accountability and fix the problem. Capital One said to contact Northland Group and Northland Group said to contact Capital One. I disputed with CRAs and the entries came back as verified. I've got 2 accounts listed on all 3 credit reports listed incorrectly. I am now prepping AG, BBB, and ITS complaints. I think that it is ridiculous that they are hell bent on ruining someone's credit. Even though it's a small amount ($9) it still shows up as an unpaid charge off which means i have a 0% chance of establishing credit elsewhere. Those charge offs are the reason i got a sky high interest rate on my auto loan (24.5%). If capital one is unresponsive to my ITS, i can EASILY show intent to damage my credit.

[Robert Nashville/Savannah]

I probably shouldn't say anything but if you took out an auto loan at over 24% interest, the person you need to be angry with is the person you see in the morror.

Moving on, whoever is REPORTING the data is who has the responsibility to properly report, unless BOTH these two you mention are reporting then they are both responsible.

You also need to make sure you don't actully OWE the $9 - I assume you have a written and signed agreement that said the amount you paid, whatever it was, was either payment in full or settlement in full and that no amounts would be owed once payment was received?

If you do then you shouldn't have any problem proving your case - you might also want to send copies of the agreement to the CBRs and the Reporters and as proof that you don't owe anything more on the accounts.

[betam4x]

I probably shouldn't say anything but if you took out an auto loan at over 24% interest, the person you need to be angry with is the person you see in the morror.

Moving on, whoever is REPORTING the data is who has the responsibility to properly report, unless BOTH these two you mention are reporting then they are both responsible.

You also need to make sure you don't actully OWE the $9 - I assume you have a written and signed agreement that said the amount you paid, whatever it was, was either payment in full or settlement in full and that no amounts would be owed once payment was received?

If you do then you shouldn't have any problem proving your case - you might also want to send copies of the agreement to the CBRs and the Reporters and as proof that you don't owe anything more on the accounts.

To each his own robert. When it comes to priorities in my case, paying extra for a RELIABLE means of transportation is worth it. I have the money to pay, so it's better to just swallow the loss and take it as a lesson learned.

Capital One is reporting, so they are responsible. I have documents from them stating that the amount was paid in full on XX date. I also have cancelled checks, etc and enough other proof that i can move forward with this.

[Robert Nashville/Savannah]

To each his own robert. When it comes to priorities in my case, paying extra for a RELIABLE means of transportation is worth it. I have the money to pay, so it's better to just swallow the loss and take it as a lesson learned.

Capital One is reporting, so they are responsible. I have documents from them stating that the amount was paid in full on XX date. I also have cancelled checks, etc and enough other proof that i can move forward with this.

Yes - to each his own; I would walk or ride a bicycle (and in fact I have done both) before I'd pay a ridiculous 24.5% interest rate on something going DOWN in value like a rock.

[Recovering Attorney]

I'd take all your proof and write a letter to the Cap One CEO asking him to interced on your behalf, but politely saying that you have every intent to sue if this can't be resolved. Tell him what you want: compete removal of the item, showing zero balance and paid, ehatever. Send it priority mail with delivery confirmation

[VeVe]

This account can't be the only reason you got a 24.5% rate.

I have a Capital One charge off (unpaid), and other unresolved problems, and got 16% financing which I refinanced at 9.8% three months later. This is on a brand new 2008 car.

[betam4x]

Riding a bike on NJ roads is like playing russian roulette. Considering the job is a considerable distance away, it'd also take me a while to get there. I'm not in debt as much as most people. i have 2 credit cards, both kept in check with a minimal balance and thats it. The capital one cards and an hsbc card that has been sold from creditor to creditor are due to me losing a job and having an extended period of unemployment. The end result is, I don't mind paying a few thousand extra to have a reliable means to get around. I've already put close to 12k miles on the car in the 4 months i've had it. Try doing THAT on your bicycle. Besides, the next time i finance a car it'll be a quarter of that.

At any rate, i had 2 capital one charge offs. These charge offs alone cause my score to tank. You would not BELIEVE the denials i get from people, i've actually had BoA call me up and state that unless i provide them with proof that Cap1 was paid they would deny me. (The original call was due to an FA, but when he looked at my credit report he said that the only way he could approve was if those credit cards were paid off. At the time they weren't.)

Oh and robert, did you know that every dollar that comes out of the US treasury already has X amount of debt attached to it?

[Robert Nashville/Savannah]

….

It seems apparent that you see debt as the key to financial happiness; I can only assume that’s because debt has been such a tremendous blessing in your life so far???

You also completely missed my point – there are any number of ways to provide transportation for ones self other than walking and other than a 24.5% car loan…however, I’ve no doubt you would have a rationalization to justify your loan regardless of what other option was available!

As you said earlier, to each his own.

Oh and robert, did you know that every dollar that comes out of the US treasury already has X amount of debt attached to it?

What is the world does that have to do with anything? Are you saying that because the U.S. is in debt everyone should be in personal debt as well?

The government can print money too – perhaps we should all do that when we find ourselves short of funs???

[Robert Nashville/Savannah]

This account can't be the only reason you got a 24.5% rate.

I have a Capital One charge off (unpaid), and other unresolved problems, and got 16% financing which I refinanced at 9.8% three months later. This is on a brand new 2008 car.

I had the same thought as well...there has to be a lot more going on here then on $9 charg off.