“Dear Steve,
I opened a capital one visa in 2002. I fell behind in payments and the next thing I knew the balance due was 700.00. It has been ten years ago and they are still showing the account as a charge off. They report it monthly . The balance is no longer 700 its 1300.
What can I do to have this removed from my credit reports?
Thanks,
Sam”
The Answer:
Dear Sam,
Get a copy of your consolidated credit report and see which of the three credit bureaus are reporting the account. Then follow the dispute process with each credit bureau, the information on how to dispute will be contained in the consolidated credit report. Since it has been longer than seven years since it was first reported delinquent it should be easily removed by the credit bureau.
Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.
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