Answer
If the debt is listed as a “Charge Off,” it has most likely been sold to another collector agency by Capital One. In any case, here are the measures you can take to have the collection removed from your credit report: Request a Goodwill Adjustment. Pay for the Capital One Collections to be Deleted.
REMOVE CAPITAL ONE BREACH || CREDIT REPAIR
HOW TO GET CHARGE OFFS REMOVED QUICKLY FROM CREDIT REPORTS
A charge-off does not relieve you of your duty to pay off the debt that was attached to your account. You may be able to negotiate with your creditor or debt collector for the removal of a charge-off from your credit report.
When businesses claim they can remove accurate but negative information such as a charge-off from your credit report, they’re usually referring to a credit repair scam. They are unable to do so.
The length of time that a charge-off remains on your credit report is seven years from the date the account first became delinquent. (A charge-off will stay on your credit report for six and a half years if it shows up after six months of delinquency.)
It is somewhat debatable. If it’s the only collection account you have, your credit score may improve by 150 points or more. You won’t see a boost if you remove one collection and maintain five others; you’re just as risky with four collections as you are with five.
The FICO score, which is the most widely used credit score system, states that a charge-off can reduce your credit score by up to 150 points. The greater your original score was, the more damage it will do. Also keep in mind that this isn’t just limited to one credit score.
When it comes to credit repair, charge-offs rank lower than collections. For one simple reason, charge-offs are generally more difficult to remove. When you fail to pay your debts on time for a lengthy stretch of time and the creditor gives up, a charge-off occurs.