Jump to content

Cap 1 Charge-Off Balance Question?


Recommended Posts

Credit Report Scenario:

Capital One

Balance: $2134.00 Date Opened: 5/2002

Date Reported: 9/2010 Credit Limit: $500.00 D.L.A. N/A

Activity Description: Closed

Amount Charged Off: $879.00

Question? What dispute request, or how would I go about disputing this amount? They "wrote off" $879.00 but yet show my balance due $2134.00?

The Statute of Limitations Expired (4 years in Texas) years ago (although they show no D.L.A. on bureau)

Any wisdom would be greatly welcomed, I've googled till I'm blue in the face..


Link to comment
Share on other sites

How long ago was the debt charged off? They can still charge interest on a closed account. I take it Cap1 still owns it.

The 4 year SOL in Texas has nothing to do with credit reporting. A debt can be reported for 7 years after charge off (7 1/2 from the date of last activity).

You could dispute based on the fact that they're not showing a DLA. You could also DV Cap1 and request they send you an accounting of the current balance, but more than likely, depending on how long it's been charged off, you're looking at interest charges.

Make sure Cap1 still owns it, though, and it's not being reported by a JDB.

Link to comment
Share on other sites

This topic is now closed to further replies.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.