Cap One and First Premier Charge Off's- Need advice

[ManofB]

I presently have two charge off's on my credit file that I want to address- goal is to become mortgageable in about 10 months.

 

Capital One- $1600: On this one, I presently have two open cards with Cap 1 as part of my rebuilding process, a secured that I put $500 into and they CLI'd me up to $800 a couple months ago and a Quicksilver with a measly $300 limit. I will have the money to pay this in full next month, but from my research Cap 1 is apparently not very willing to PFD. Anyone have success as a current customer? Or I've read a bit about having them reopen the account but from what I gathered this may not/likely wont reopen the original account, therefore leaving the original tradeline in tact? If anyone has any experience in that, thoughts would be appreciated.

 

First Premier- $480: Again, from my research they seem unwilling to PFD, but if anyone has had experience to the contrary, would love to hear about it. My question with this one is, on my Equifax and Experian reports, it only lists 90 days of delinquency then charge off. I'm locked out of TU currently so I cant check there. I thought an account had to be 120 days past due before being charged off? Any options with their incorrect reporting?

[moosetracks]

Cap-1 does not do PFD, nor do they re-open closed out accounts (CO or closed in good standing) The bank can CO an account at any time though typically for loans its 120 days and CCs 180 days, there is no violation there. If these are not updating monthly I would leave them alone and settle them after your mortgage pull because when you settle them and they update they will drop your score... Once an account is a CO its always a CO even when its paid...