Capitol one settlement!
Date: Thu, 02/11/2010 - 10:28
Tough to deal with. Put Capital One in search button at top and
Tough to deal with. Put Capital One in search button at top and read recent posts.
Agreed. I have a relatively small card that am paying 100% on b
Agreed. I have a relatively small card that am paying 100% on bc of how tough they are.
Quote:Originally Posted by kpcutie82Has anyone had recent settle
Quote:
Originally Posted by kpcutie82 Has anyone had recent settlement success with Capitol One? Sounds like they are really difficult to work with. Thank you. |
I've got two tough ones and they were Discover and Cap One.
The others were easy....Citi-1 account, Chase-4 accounts and two others.
So basically I went into the hardship program on those two.
Zero interest over 36 months.
I made the initial payment on both and they both credited all of the late charges and over the limit charges back.
I'm batting 7 out of 9.
Good Luck.
hmmm .777 gets you a pretty good baseball contract! we get to e
hmmm .777 gets you a pretty good baseball contract! we get to expecting all of these to go well, but it is amazing they forgive as much as they do.
info to help & info to know
capital one will not settle till after 210 days, if you think about it with capital ones crazy high interest rate this allows the debt to go up high fast, after its past the 210 days and you get a 50% dealing with them directly you actually probably only got a 75-80% of the original balance you owed them, the system works very well for cap one, pretty smart.
the trick is though in order to get a good settlement is to let this charge off and go to collection agency and try to settle the inflated balance at 25% or 30%, this is a pretty common percent for capital one at a collection agency. of course alot of people say that youll have a charge off on your credit report, you have to choose which ones you allow to charge off while you take care of some better deals for cheaper that ARE wiling to settle before the 210 days
aka RIOT 805-233-4031 cell
Hi Riot, I have $5,000 at 180 days with Cap One. Very scared o
Hi Riot,
I have $5,000 at 180 days with Cap One. Very scared of being sued so I paid $100 to delay. Your message is very postive though. They want another $145 end of month. Base on your comments I think I will let charge off.
Are you pretty confident that they will sell off to collection agency? I guess the only problem would be if they sell to law firm like Zwicker.
The other thing is that this is Business Card and rate stayed at 14% after I defaulted. Are Business Cards handled any different with them?
Thanks for info
Hey Ozzie, Whatever happened with your Cap One account? I'm c
Hey Ozzie,
Whatever happened with your Cap One account? I'm coming up on a very similar situation with them.
Thanks
Quote:
Originally Posted by OZZIE69 Hi Riot, I have $5,000 at 180 days with Cap One. Very scared of being sued so I paid $100 to delay. Your message is very postive though. They want another $145 end of month. Base on your comments I think I will let charge off. Are you pretty confident that they will sell off to collection agency? I guess the only problem would be if they sell to law firm like Zwicker. The other thing is that this is Business Card and rate stayed at 14% after I defaulted. Are Business Cards handled any different with them? Thanks for info |
I let it go at 180. They have now stopped calling. Not sure wh
I let it go at 180. They have now stopped calling. Not sure what to expect now. Ready to pull arbitration clause if I have to.
Please, please keep us posted. I've been following you ever sinc
Please, please keep us posted. I've been following you ever since and caught up with you in the number of delinquent days because you paid once to delay by a month. My account charges off in 2 days. Hoping for a settlement at 210 days ( as we were informed) right here!
Yes plese keep us informed. My Cap One accts both charge off in
Yes plese keep us informed. My Cap One accts both charge off in the next couple of weeks.