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any one had to deal with them????

apparently they have my old capital one account that they say is at about 7K. The credit limit was onlu 4k.

Any suggestion on how to settle with them????

Posted: Mon Sep 29, 2008 11:24 pm Subject:

First of all see whether the debt has past it's statute of limitation. Send a [url=http://www.debtconsolidationcare.com/validation.html]debt validation letter[/url].

You can also go through the following thread to know them better: -
nelson and watson associates

Posted: Tue Sep 30, 2008 9:10 am Subject:

thanks Phoenix. can i send a DV without have the account number or the credit car number??

i'm off to talk to these people...will update you.

Posted: Tue Sep 30, 2008 11:01 am Subject:

Update.

I gave Nelson a call and spoke to a guy named Anthony. He gave be some information and was like they do not have the debt in their office anymore. But if i want to settle and take care of the debt that he can talk to his manger about getting my files back into their system.

I was like do what you have to do. He than needed my employee information and I refuse.

He told me okay, he will get back to be within 24 to 48 hours to inform me if he can get my account back into the office.

Why do i have to give up my emplyee information???

Posted: Tue Sep 30, 2008 8:02 pm Subject:

You don't need to give your employee information and why should you. Just send a [url=http://www.debtconsolidationcare.com/validation.html]debt validation letter[/url]. If they can validate then negotiate. Otherwise send a cease and desist letter.

Posted: Wed Oct 01, 2008 5:35 am Subject:

will do. he called me back yesterday at 3pm asking that i return his call by 5pm. I was unable to call him back to get information. I will call today during lunch to see what he has to say. After that, i will send the DV letter.

Posted: Thu Oct 02, 2008 7:52 pm Subject:

i called them today and they say they no longer have my file in their office? what could this mean? do i call capital one and see where it is? could it move to a law office???oh no!!!!

Posted: Thu Oct 02, 2008 10:18 pm Subject:

Before contacting Capital One, please check whether the statute of limitation of the debt is over. If If it has passed its limit then you don't have to worry about the debt since no creditor can take take any action against you.

Now, when does the SOL start?

Posted: Fri Oct 03, 2008 5:02 am Subject:

thanks, Phoenix...

is the SOL date the last time i made a payment on the account? If so, i'm not sure where i can find this information. Back then, I did not have a good track record in keeping up with my paperwork or bills Sad

All i know is the last time a payment on the account was sometime back in 2004.

Guest · Posted: Fri Oct 03, 2008 6:28 am Subject:

Have you checked your credit report to see who is reporting this account? If not, I would do so right away. Those are the people who you should be contacting.

Guest · Posted: Sat Oct 04, 2008 12:11 am Subject:

You can also find out when the last payment was made on this account, when you pull a copy of your credit report.

Posted: Mon Oct 06, 2008 7:46 am Subject:

okay, i looked on my credit reports and what i gathered from it...the last payment was made on June 2004. However, all of it says that last time it was reported was on 12/05.

I live in FL and i beleive the SOL is 4 years. can anyone else confirm this?

If the SOL is expired, they can they take me to court?? I plan on calling captial one today to see where my account is since it is no longer with Nelson.

Posted: Mon Oct 06, 2008 10:21 am Subject:

ugh, i called capital one and the representative asked me a couple of question and wanted to updated my current information. OF that was taken care of, she gave me the phone number to Track America. Who in turn gave me the number to Nelson, Watson and Associates.

I informed the rep that I spoken to them already and that they do not have my file open. He put me on hold to call and inquired about it. Got back on the line and told me that they have given intrucstion to reopen the file and to call back tomorrow.

has anyone ever got the run around on this? how much trouble am i in now for updating my information with captial one?

i just want to settle and move foward.....

Posted: Tue Oct 07, 2008 10:56 am Subject:

Hi people,

I contacted Nelson.. today and they said i owe 7,500 and informed me that capital one only settles 65 cents on the dollar; which will make the settlement offer about 4,700.

I can't afford that and I offered them 3,000 for over a two month span. The representative put me on hold to speak to a supervisor.

Supervisor got on the line and told me that 3K was really low for what I owe. He went on and askeed me how am i getting the money and if i can get the 3k by the end of the month. If, I think i can, he will contact Capital One to see if they will take that one payment offer and everything will be settle.

The two people I spoke to were REALLY nice. They say they will call back once they get in touch with capital one.

are they pulling my chain? it just seem too good to be true.

thanks for reading...i'm sure i have been a handful~

Guest · Posted: Tue Oct 07, 2008 2:54 pm Subject:

Sounds like CA BS to me, tell them to puti it ALL in writing and send it to you. You will probably not receive it in writing. Never offer to settle without a written agreement.

Posted: Tue Oct 07, 2008 5:54 pm Subject:

i can't wait till this is over.

the rep just called me back with a deal. 3k by the end of the month. she is emailing me the info for me to review and get back to her by tomorrow.

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