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  1. So I have a Kohls/CAP1 card that was charged off. The account is beyond SOL in my state. Still reporting a $1600 balance and past due amount on my credit reports. I don't see being able to dispute it off with each CRAs or CAP1 just being kind and removing it from my CRs because I am such a great guy. What is the impact of contacting them and paying it in full or offering settlement amount. I think my goal is to get the balance down from $1,600 to $0. Last time CAP1 updated my CR for the account was back in 2013. Any other options I am missing?
  2. I have a Kohls/CAP1 account that was charged off about 3 year ago, still reporting the full balance, and I was able to get CAP1 QS and QS1 cards at the same time. So yes forgiving.
  3. They report usually a few days after the monthly statement cuts.
  4. I started with the Platinum and QuickSilverOne at the same time. PC'd the Platinum to a QuickSilver. I am now at the 5th statement. I need to wait for the 6th statement to cut and then request the two QS cards be combined? Maybe apply for Venture after that?
  5. I don't see that article addressing "Death and Student Loan Debt" scenario.
  6. Been going through this thread and not clear on something. Is it better to join and apply for some product (CC, Auto Loan, etc) at the same time or is it better to just join and take the HP just to start the relationship. I don't belong to any CU and it sounds like PenFed is a good CU to be with.
  7. Wow, didn't know about scholar. Anyway, searched for "1099-C forgiveness" with case law checked. Found this, but it is kind of contradictory. On 31 May 2006, defendants filed a motion for summary judgment but did not state the grounds for the motion. In addition, defendants filed a motion for judgment on the pleadings. Subsequently, President Douglas signed an affidavit stating that plaintiff issued an IRS form 1099-C, "Cancellation of Debt," ("1099-C form") and as a result of issuing this form, defendant DHC's debt was cancelled. Defendants had not previously pled the affirmative defense of waiver or forgiveness of a debt in their answer or counterclaim. On 5 July 2006, Karla Whitfield, assistant controller for plaintiff, signed an affidavit stating the issuance of the 1099-C form was a clerical error, and that plaintiff subsequently delivered to President Douglas a voided 1099-C form via Federal Express.
  8. Box 6 has a "C". Where would I check the state rulings for North Carolina?
  9. I received a 1099-C in the mail from an OC. I realize in terms of accounting that I may have tax consequences by treating the discharged amount as income and that the OC can continue to report the full balance on my CRAs, which is the case. Just curious if anyone has had any success in disputing the balance with the CRAs and providing a copy of the 1099-C as a supporting document? Obviously I would like to have the balance changed to $0 or even better have the tradeline deleted.
  10. Keep sending to the same email/physical address or change it up each time?
  11. I tried a goodwill with CitiMortgage last month and was declined. Guess we can keep trying and maybe one time it might work?
  12. I agree on the CK scoring model. CK version of my EQ score is 502, while my FICO8 score for EQ is 618. That's a big difference.
  13. Hey OP, a 812 FICO is impressive. Nice job.
  14. Some other interesting "?facts?" in that article.... Chase stopped filing lawsuits or selling its debt in 2011, after a whistleblower identified flaws in the bank’s collection practices. Discover filed the second-most suits, according to ProPublica’s analysis. American Express, the fifth-largest issuer, filed relatively few suits.
  15. Thanks. However, I am probably going to not go the secure card route.

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Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
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