Cap1 Chargeoff

Discussion in 'Credit Talk' started by heyryan, May 1, 2001.

  1. heyryan

    heyryan Member

    Hey all,

    I have a chargeoff from Cap1 from ..1998.... i'd been making payments through Genus, but wasn't happy with the way they were handling things, so I cancelled my account with them. (The account is now in the evil clutches of their collection agency...)

    Does anyone know if I call Cap1, if there's some way they could recall my account from collection, and have me make payments to them? (i.e. resume sending me statements payments, etc.)?

    I've tried a couple times with them, but they keep transferring me to the collection agency before I can explain what I want.

    Thanks in advance,
    Ryan ;)
  2. Gregory

    Gregory Well-Known Member

    I thought I read somewhere that Cap One will take your charged-off account and transfer the balance owed to a new Cap One credit card to make payments on. I know for a fact they do that with old debts they purchased from other collection agencies.
  3. Larissa

    Larissa Well-Known Member

    Do you know of any way to contact them about this? I think they bought my AT&T Universal Card charged off in 1998. They sent me an offer about 6 months ago, but I didn't respond, now I am wishing I had. I don't have any credit cards, and can not get any because my credit is so bad, so this might be the only way to go about it.

  4. Concerned

    Concerned Well-Known Member

    Been down this road with them. Just remember the original charge-off is not deleted. The balance is merely transferred.
  5. heyryan

    heyryan Member

    Couldn't you just dispute the old account and get it deleted?
  6. Larissa

    Larissa Well-Known Member

    I tried that but it keeps coming back verified. Maybe someone else has some advice?

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