neicyspieces Posted October 22, 2008 Report Share Posted October 22, 2008 Hi! I had a Cap One card, and they did a bank levy on my bank account 11/07....Now that I am looking at my report, it still shows up on my report ad charged off.....shouldnt it be marked as paid.What kind of letter to I write to them so they can mark it as paid as agreed?Also- I am using Fedex to mail things, is there a full address for the CRAs rather then a PO Box?Thanks Link to comment Share on other sites More sharing options...
sparky256DSL Posted October 22, 2008 Report Share Posted October 22, 2008 If they did a bank Levy they should have gotten a judgement first. Is the judgement statisfied? They may have only taken what you had in the account and not the whole amount you owed. Did Cap1 do the judgement or a CA? Link to comment Share on other sites More sharing options...
neicyspieces Posted October 22, 2008 Author Report Share Posted October 22, 2008 Well that judgement isnt on my credit report but I have bank levy papers from my county in NJ and they took the money out of my bank account for sure ($1047) was what they took which was the amount needed to satify the debt. I dont have that bank account anymore cause after that I closed it out.So thats why im puzzled as to what to do, it still shows up on my report as not paid and late. Link to comment Share on other sites More sharing options...
LUEser Posted October 22, 2008 Report Share Posted October 22, 2008 It's an interesting conundrum. If the judgment isn't showing up. I may leave this one alone for a while. After all, if it's still showing C/O, it's not hurting as much as it will be if it's updated as paid. Unless you're looking to get a mortgage. What FICO is concerned with is the recentness of it. If the CO is much older, then it's having less an impact on your score as an updated paid notation would. But if you're a credit puritan, and you're just looking for accuracy, then by all means get it reading correctly. BTW, it can show both C/O and paid. Just be cause it's paid, doesn't mean it wasn't charged off. It can be both. But if it's still showing a balance and has been updated, then it's been updated falsely, which means if they don't fix it, you can possibly threaten FCRA violations and get it removed completely. YMMV, and Good luck. Link to comment Share on other sites More sharing options...
neicyspieces Posted October 22, 2008 Author Report Share Posted October 22, 2008 Its showing on my reportEQ - Charge Off $858 EX - Charge Off last reported Oct 2008 and now it says it $1415TU-Charged off updated 9/08 This wil be there till 8/2011, I rather it off or at least marked as paid Link to comment Share on other sites More sharing options...
LUEser Posted October 22, 2008 Report Share Posted October 22, 2008 If it's been paid, then they're undoubtedly reporting it incorrectly. Have you disputed it with the CRAs yet? If not, that's your first step. Link to comment Share on other sites More sharing options...
neicyspieces Posted October 22, 2008 Author Report Share Posted October 22, 2008 thanks I will do that now Link to comment Share on other sites More sharing options...
isislc Posted October 22, 2008 Report Share Posted October 22, 2008 Ouch, yeah that notation is hurting you a LOT! I hope I got you before you disputed the TL but I would recommend you dispute it as "Paid as Agreed" and if that doesn't work, then go for the "Paid before Charge Off" notations. GL Link to comment Share on other sites More sharing options...
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