doing some of my own credit repair.

BeQuietAndDrive · 08-01-2005, 01:11 AM

A month ago, I had sigend up for a new credit card, having never activated it nor used it. Come to find out I had a 39.00 membership fee which had late fee's, totaling to 98.00. After a bit of hassle with Capital One, I had the late fee's removed, as well as the membership fee, and my account was closed.

However, it was reported to TransUnion, and I'm assuming the other 2 agencies. I have not checked the other two yet. I already filed an online dispute with TransUnion, and will check the other two tomorrow.

I am trying to fix this early, as this is the only blemish on my credit , and I am 19. I'd like to start off well young.

**John** · 08-01-2005, 07:29 AM

you should have kept the card and had them remove the late payments. That would have done you a lot better

**_Charles_** · 08-01-2005, 08:45 AM

I agree, but since you can not change the past, what you are doing is correct.

Charles

BeQuietAndDrive · 08-01-2005, 02:57 PM

No,no, let me correct. The late payments were removed by Capital One, as well as the 39.00 fee. I paid nothing. I did,however, flat out cancel the card after all was said and done. I'm not sure if canceling the card was good or bad.

**_Charles_** · 08-01-2005, 03:11 PM

read my FAQ on credit scores

Malevolent X · 08-01-2005, 06:01 PM

I learned through the banks that canceling cards are not good, and either is having too many of them. I'm not saying it is bad credit wise, but get a card and hold it for a substantial amount of time. It shows that you are loyal to that company.

**RoadRacer** · 08-02-2005, 10:29 AM

Capital One should remove the information from the credit bureaus... as long as you never activated the card. I worked in the credit department there a long time ago and that is how we would treat non-activated cards.... at that time. It may take 2 months for it to come off of the bureau
If they give you more problems tell them you are going to file a complaint with the The OCC (Office of the Comptroller of the Currency) and keep escalating the call if you have to .
http://www.occ.treas.gov/customer.ht...al%20Complaint

beth94 · 08-14-2005, 05:57 PM

It's only bad to cancel cards if they are cards that you've had for a really long time. If you have 5 years worth of credit and you have 1 credit card that you've had for 5 years, closing it would be a bad idea. If you opened up a card account 6 months ago and are deciding to close it, it wouldn't hurt you hardly at all. It's all about the age of the account versus how far back your credit reports go.

08-01-2005, 01:11 AM	#1 (permalink)
BeQuietAndDrive the whistles go whooo!!!1	doing some of my own credit repair. A month ago, I had sigend up for a new credit card, having never activated it nor used it. Come to find out I had a 39.00 membership fee which had late fee's, totaling to 98.00. After a bit of hassle with Capital One, I had the late fee's removed, as well as the membership fee, and my account was closed. However, it was reported to TransUnion, and I'm assuming the other 2 agencies. I have not checked the other two yet. I already filed an online dispute with TransUnion, and will check the other two tomorrow. I am trying to fix this early, as this is the only blemish on my credit , and I am 19. I'd like to start off well young.

08-01-2005, 07:29 AM	#2 (permalink)
John I print money	you should have kept the card and had them remove the late payments. That would have done you a lot better

08-01-2005, 08:45 AM	#3 (permalink)
_Charles_ formerly 'RiceRocket'	I agree, but since you can not change the past, what you are doing is correct. Charles

08-01-2005, 02:57 PM	#4 (permalink)
BeQuietAndDrive the whistles go whooo!!!1	No,no, let me correct. The late payments were removed by Capital One, as well as the 39.00 fee. I paid nothing. I did,however, flat out cancel the card after all was said and done. I'm not sure if canceling the card was good or bad.

08-01-2005, 03:11 PM	#5 (permalink)
_Charles_ formerly 'RiceRocket'	read my FAQ on credit scores

08-01-2005, 06:01 PM	#6 (permalink)
Malevolent X Registered User	I learned through the banks that canceling cards are not good, and either is having too many of them. I'm not saying it is bad credit wise, but get a card and hold it for a substantial amount of time. It shows that you are loyal to that company.

08-02-2005, 10:29 AM	#7 (permalink)
RoadRacer Turn 7 at Sebring	Capital One should remove the information from the credit bureaus... as long as you never activated the card. I worked in the credit department there a long time ago and that is how we would treat non-activated cards.... at that time. It may take 2 months for it to come off of the bureau If they give you more problems tell them you are going to file a complaint with the The OCC (Office of the Comptroller of the Currency) and keep escalating the call if you have to . http://www.occ.treas.gov/customer.ht...al%20Complaint

08-14-2005, 05:57 PM	#8 (permalink)
beth94 Registered User	It's only bad to cancel cards if they are cards that you've had for a really long time. If you have 5 years worth of credit and you have 1 credit card that you've had for 5 years, closing it would be a bad idea. If you opened up a card account 6 months ago and are deciding to close it, it wouldn't hurt you hardly at all. It's all about the age of the account versus how far back your credit reports go.