mrfedup Posted October 14, 2011 Report Share Posted October 14, 2011 I have two Capitol One accounts one for $5400 and the other for $5600. They are both 100 days old. I spoke to a supervisor at the 97 day mark and inquired about making a settlement. She advised that I should call back after 120 days and see if I qualify for a settlement. What does she mean by "Qualify". Have limited funds to secure a reasonable settlement in the next 60 to 90 days. Anyone have something similar. Link to comment Share on other sites More sharing options...
Recovering Attorney Posted October 17, 2011 Report Share Posted October 17, 2011 They won't talk to you til the 120 mark. Remember, they have to charge it off after 180 days, so once you get to 120 they get scared. Silly they don't consider offers sooner, but that's CapOne. Link to comment Share on other sites More sharing options...
mrfedup Posted October 18, 2011 Author Report Share Posted October 18, 2011 They won't talk to you til the 120 mark. Remember, they have to charge it off after 180 days, so once you get to 120 they get scared. Silly they don't consider offers sooner, but that's CapOne.Thank you for your response. Do you think they will consider a $1200 to $1500 settlement on a $5k balance after the 120 day mark? Link to comment Share on other sites More sharing options...
Guest usctrojanalum Posted October 18, 2011 Report Share Posted October 18, 2011 $1500 might be low for Cap1's parameters. Link to comment Share on other sites More sharing options...
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