Had a loan with Cap 1. Charged off Nov 2003. Tried to set up payment with Cap 1 but was refused. They sent it to a law firm. The Law firm did accept payments, paid it beginning Feb 2004 paid final payment Jan 2007. Got letter from law firm with the following statement: "This letter will confirm that the principle and interest in the above matter has been settled in full". Found a new charge off for Feb 2007 on my credit report from Cap 1 for this debt. Called Cap 1 and they told me that interest and fees continued to be accrued on the account. The original letter from the law firm stated:" the above matter has been referred to our firm to represent the claimant" With the statements from the law firm that they are acting for Cap 1, would their agreement with me not bind Cap 1 to the same agreement. I'm also looking for a statement that I saw in one of the laws but can't find it. It says something about before adverse information is put on your credit report the furnisher should notify the consumer from 30 days before to 60 days after or something like that. I would appreciate any help that anyone can give me. Thanks Again
