Capitol One

they do not settle until the debt is past 210 days charge off, dealing with them directly after this, you might get a 50% that needs to be paid off within 5 months if you ask.

its a gamble sometimes but if it goes to a collection agency sometimes they settle at an average of 30% sometimes lower and sometimes maybe at 40%, 30% seems to be an average though


good luck

I have missed one payment and about to miss another with Cap One. They started calling me a few weeks ago and have called with an automated message from "Linda" saying they "have an offer" for me. I haven't called back yet.... may wait a little longer. I am curious though to know what type of "offer" they could have when I am not even a month overdue.

Linda's special offer is nothing. You will end up talking to a rep who will ask for payment today.

I am 160+ and no offers. As stated above, they do not charge off until 210 days. Better if it goes to collections.

The will call constantly.

I have yet to read in this forum where someone settled with them.

Thanks for the info. After Googling the number I see countless discussions about that number and lots of complaints. Yeah they called twice yesterday.

I'm going to hope I can make some progress without getting sued. I also want to settle with Chase but only have a limited amount of funds so I hope I'm doing the right thing by not paying them (Cap One) right now.