![]() In steps one and two if you legitimately owe the credit card debt that's pulling down your credit score. ![]() If these steps are seeming like too much for you to handle on your own, we recommend seeking professional help from a trusted credit repair agency like Credit Saint, a credit restoration company. Make sure the written agreement states that all negative items related to your Capital One account, such as late fees, late payments, and missed payments, are to be removed. Otherwise, you may have no proof the debt collector agreed to remove the negative items from your credit report in exchange for partial payment. You'll have to get your pay-for-delete agreement in writing from the debt collector before sending payment or starting a repayment plan. They may even be willing to remove their negative entry from your credit reports in exchange for the money. Given a choice between receiving half the balance and receiving nothing, most debt collectors will accept half. This strategy allows the credit card company or third-party debt collector to collect at least a part of your balance. That said, it’s still worth trying this method if Capital One still owns your old credit card debt. This method works best if Capital One sold the collection account to a third-party collection agency. With this kind of agreement, you pay a portion of the balance due in exchange for Capital One or the collection agency removing the negative entry from your credit report. If you can't request a goodwill adjustment because the account isn’t current and you still owe a balance, consider a pay-for-delete agreement instead. Pay to delete the Capital One Collections This will work only if you’ve already paid the debt and no outstanding balance is owed. You should write a letter stating why you were late on the account such as a job loss, and ask if the debt collector would kindly remove the negative entry from your credit reports with all three credit bureaus. To get the collection removed from your credit report, you can contact Capital One and ask a representative to remove the collection out of goodwill. Find out ways to improve your credit today! View Plans 1. ![]() Mistakes on your credit report could be costing you more than you think by lowering your credit score.
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