Have a charged off Cap1 from almost 7 years ago,over past year been reading here and hubby and me been trying to fix credit,payed some old debts off,we are trying to get a mortgage,cap1 just this month has changed the amount on credit report where it lists "high balance" and "credit limit",have had no contact with them whatsoever in the whole almost 7 years.Do these creditors somehow know when you are pulling your reports and fixing credit?This seems illegal for them to change the amounts as it has hurt our score.Another question is,this bill and another together seems to be hurting our score the worse as they show too high balance owed ,have been told to pay off by mortgage lender.What do you all think here?If payed off,will it hurt scores as then will show no credit history at all?Not sure we are getting sound advice by this mortgage lender.
no, we did not,also noticed when pulled new up to date report that the tax lien we paid in full shows "released" and thinking since paid it has dropped our score. Is this possible?The Cap1 does reflect now that we have new bad account recent because of them changing the numbers around.Should we pay this or hope it falls off in due time which should be about Jan 2006?
couple things: opt out the tax lien showing released - not sure on that if paying it lowered your score. crap one - you need to figure out the DOLA and then dispute it.
