I have an account that is seemingly open with Capital One.
Date: Tue, 01/22/2008 - 13:52
I have NO clue how I should proceed. They keep calling and sending letters and it's very stressful. I can't just pay the $400 and start making the normal monthly payments. Not anytime soon at least. Is there a way I can consolidate this and start making one monthly payment? Any help would be greatly appreciated. I'm too young to have my credit wrecked already.
If the account is still owned by Cap One but out sourced out to
If the account is still owned by Cap One but out sourced out to an OSA then it must be in default. You either had not made a payment within 90 days or you have had a past due balance for more than 90 days. If a collection agency is calling it is because you are in the charge off status and the balance is due.
hi xato! it is indeed commendable that you are trying so hard to
hi xato! it is indeed commendable that you are trying so hard to pay off debts, and although you are a student you sound mature enough to handle your own finances. so you are more or less paying off all your cards, and it is just this one that you are stuck with, right? as much as i know, all your debts and repayments get recorded in your credit report, and you are entitled to get a free copy every year. so get hold of your's and show that to your creditors that you are someone responsible enough to pay off your debts and you wont be running away with their money. tell them that you are student, and do not have so much of ready cash. ask them if they can defer it. talk to Cap One directly and request them to inform the collection agency not to call you up as it is interfering with your studies. see what happens....
