Capital One Settlement Offer
Date: Sun, 04/11/2010 - 19:41
Submitted by Nasim1267573302
on
Sun, 04/11/2010 - 19:41
Total Replies: 6
Nasim, if you want to avoid the court date, your only option is
Nasim, if you want to avoid the court date, your only option is to settle the account outside the court. You can check out the following resource on outside the court settlement .
"http://www.nedap.org/hotline/settle.html"
If you settle outside the court make sure that the creditor drop the case against you.
Capital One Case
Quote:
Originally Posted by SC Nasim, if you want to avoid the court date, your only option is to settle the account outside the court. You can check out the following resource on outside the court settlement . "http://www.nedap.org/hotline/settle.html" If you settle outside the court make sure that the creditor drop the case against you. |
Capital One offer to settle the account for $1500. They also hired attorney where I have a court date to appear. Should I settle directly with Capital One or Attorney office. I received letter from Attorney office with 30 days notice where I have time to dispute.
At this point in time, you have to deal with the attorny. What
At this point in time, you have to deal with the attorny.
What would you dispute? You owe the debt...affording a settlement is not a reason to dispute, nor will it delay the court case. Talk to the attorneys office....plead your case with them...but maybe they will go lower.
Well, technically, there are other options. Under the terms of
Well, technically, there are other options. Under the terms of the Cap1 cardholder agreement, he/she could elect arbitration. It states: If you or we elect arbitration of a claim, neither you nor we will have the right to pursue that claim in court or before a judge or jury....Claim means any claim between you and us...The controlling law is the federal Arbitration Act, which states upon proper application, the court case is stayed/stopped until the arbitration is had pursuant to the written contract. The advantage is you will not be responsible to pay atty fee on top of the judgment, which if you have no defense you will likely lose in court. To arb the claim, Cap1 would have to pay all arb fees, and their own atty fee, win or lose. The arb fees & costs (in JAMS)will easily exceed the amount they claim you owe and in the very least it would buy alot of time and possibly force a great settlement offer at some point. For more info on how to proceed, go to creditinfocenterDotcom and search for the arbitration forum. Does it work? I used it and they walked away from a 8k lawsuit. Being informed is priceless...
I would call DS Financial they can get you a reasonable settleme
I would call DS Financial they can get you a reasonable settlement and probably lower than 50 cents on the dollar considering it is in litigation. Call them today @ 866-833-6398.
Quote:Originally Posted by maggie22Well, technically, there are
Quote:
Originally Posted by maggie22 Well, technically, there are other options. Under the terms of the Cap1 cardholder agreement, he/she could elect arbitration. It states: If you or we elect arbitration of a claim, neither you nor we will have the right to pursue that claim in court or before a judge or jury....Claim means any claim between you and us...The controlling law is the federal Arbitration Act, which states upon proper application, the court case is stayed/stopped until the arbitration is had pursuant to the written contract. The advantage is you will not be responsible to pay atty fee on top of the judgment, which if you have no defense you will likely lose in court. To arb the claim, Cap1 would have to pay all arb fees, and their own atty fee, win or lose. The arb fees & costs (in JAMS)will easily exceed the amount they claim you owe and in the very least it would buy alot of time and possibly force a great settlement offer at some point. For more info on how to proceed, go to creditinfocenterDotcom and search for the arbitration forum. Does it work? I used it and they walked away from a 8k lawsuit. Being informed is priceless... |
Hello Maggie, Thanks for your important info. How can I get an arbritrator ? My court date is 3 weeks from now. I am in Prince William County, Virginia. Please give me some advice..Thanks..