Below is an email I sent to equifax today on a capital one account that was originally an unpaid chargedoff and when disputed back in May Equifax changed the reporting of the account to a paid chargeoff, R9. I need help on how to get rid of this tradeline, any ideas will be greatly appreciated. Ms. Holland, This is a last attempt to settle this matter out of the courts and avoid litigation costs. Please note that on May 5th, 2003, Equifax investigation results of Report Confirmation No. xxxxxxxxxxxxxxxxxx stated that "This Item Has Been updated to report as paid in full.", and again on Report Confirmation xxxxxxxxxxx Equifax states, "Equifax has verified that this item has been reported correctly." On or about November 13, 2003, while running a routing check on my credit report I noticed that previously deleted information of the above referenced account had been reinserted, violating the FCRA since no written notice had been provided to me within 5 days after the reinsertion. On November 15, 2003 Equifax received a Certified Letter No. xxxxxxxxxx, and was made aware of the situation. Equifax ignoring the FCRA is now reporting this tradeline with a status of R5, reaging this account by making it appear current - yet another violation of the FCRA-, and resulting in a greater damage of my credit rating.This reporting of Equifax has already cost me to be denied credit. I therefore demand immediate deletion of the above mentioned negative item. Hoping to resolve this situation directly with Equifax and wishing you Happy Holidays, This was Equifax email response, Your e-mail to Robin Holland was forwarded to me for handling. 5/5/03 Confirmation xxxxxxxxxxxxxx-- Capital 1 was updated to a zero balance and closed at consumer's request due to no response. 5/22/03 Confirmation xxxxxxxxxxxx -- The information was verified as reported. Before the 1st investigation, the account reported as R9, balance $1831 and past due $1831. Today it is reporting as an R5, balance $2088, past due $2088 and closed by credit grantor. The information was not re-inserted. It is new information as the status and the balance has changed. Thank you for allowing Equifax the opportunity to assist you.
Capital One is notorious for "upgrading" an R9 that to an R5. In reality it makes you appear to be currently 120 days past due and a score killer. I'm confused on the change of paid to $1831 past due to 2088 past due. Was it paid or not? Cap One also continues accruing interest on CO's - that would explain the $$ discrepancy.
The chargeoff was never paid, but my question is Equifax admitted that the first dispute on May had "no response" shouldn't they have deleted the tradeline and not report a balance of 0 as they did?
