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Where to start with charge off

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I had a bad streak and my Capital One account was charged off and placed with Midland. 1k balance went to 7k and the terms they propose are laughable. I can dispute, but my biggest priorities are avoiding suit/garnishment and short term credit score improvement. Is it best to try to make a payment plan, dispute, or ignore? Is there another option I'm missing?

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1K to 7K sounds suspicious and could violate the FDCPA. You should ask for debt verification that explains how a balance was inflated 700%. If they charged this off and stopped sending monthly statements, they have to stop charging interest per TILA, so it can't be interest.

Legal fees are a gray area, each state is different. There shouldn't really be any significant costs there  since they haven't sued.

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