Chase Sony card sold to Capital One
Date: Mon, 08/22/2011 - 09:24
The last payment was in March to Chase, now I have Cap One looking to collect on a balance of $7500. I have finally been transferred to their hardship department ever since I mentioned my wifes medical problems from 2010, I guess unemployment is not a hardship in their view.
For anyone who has settled Cap One at around 50% , do you have any tips to offer. I know I am fighting an uphill battle with them and may have to settle at a higher amout.
Marie M, if your watching, any tips for a DIY guy?
TIA
Hi ioalot, It will depend upon your negotiation powers if you
Hi ioalot,
It will depend upon your negotiation powers if you wish to settle your debts for a lower amount. You will have to convince the creditor about your financial hardship and negotiate with them so that they offer you a settlement plan which you will be able to afford. In case, you're unable to settle your debts on your own, contact a local debt relief company and take their help in this matter. They will negotiate with your creditor and will help you get a better settlement plan to pay off the debts.
Thanks
You may get some information from these pages. Form members have
You may get some information from these pages. Form members have shared their experiences in these pages:
http://www.debtconsolidationcare.com/settlement/capitalone-offer.html
http://www.debtconsolidationcare.com/collection-agencies/capitalone-settlement.html
Capital One
Ioalot,
So sorry - I didn't see your post until someone sent me a PM letting me know that you were looking for an answer.
I don't foresee you having a problem settling your Capital One account for around 50% of the balance. As a matter of fact, it used to be difficult to get anything less than 50% on Capital One accounts, but in the last few months we've noticed that we've even been able to get these accounts settled for a little less than this.
Good luck!
