New Post/Thread Notification: CreditWrench

Hello,

Creditwrench has just posted in the CreditWrench forum of CreditWrench under the title of NSF Bad Checks.

This thread is located at http://www.creditwrench.com/consumers/showthread.php?threadid=741

Here is the message that has just been posted:
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Hello Everyone,

1) During 2001 and 2002 i had a few bad checks that i had written. And recently i graduated from college and ready to pay them off. Is there a way to increase my credit score by paying them off or do i need to something special so that they can delete the negative items and increase my score. As a normal rule, paying them off isn't going to increase your credit score by enough to make any difference unless the amounts are very large. The older the reports get the less impact they will have on your score anyway.

2) does capital one have the right to charge me interest even after they have charged off the account and how is the best possible way to deal with them

Thanks
Yes, they do have the right to charge interest even after charge off. There probably isn't any "best possible" way to deal with any creditor once it has gone into charge off unless you can reach an agreement with them to pay in full in return for the re-instatement of your credit privileges.
That can be done sometimes but probably not with Cap One. You never know until you try.

If Cap One won't work with you in return for payment in full then the next best possible way is to wait until it goes to collections (depending on what state you live in) and then deal with the collector using creditwrench methods. The chances are at least reasonably good that you may be able to get by without a lawsuit at all or that in the event you do get sued it will happen so far into the future that the statute of limitations will run out on them and you can use a SOL defense which will win every time.

Those are about the best answers I can give you at this time and given the amount of information you have supplied.
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