Capital One
Date: Wed, 09/02/2009 - 21:46
I have about 20k on a business card with Capital One. 2 mo. ago they doubled the interest rate...not due to late payments. They informed me that a (one) letter was sent out that notified of the rate increase and if you did not accept it they would freeze your current rate and cancel the card. I let them know I did not receive the letter and would like to cancel and keep my old interest rate...they refused. I have not paid it since. I read the post (most current I found was march on the debt settlement for this company and they seem to sue right away. Has anyone had any more recent experience with this scamming company?
Thanks for your help.
Thanks for your help.
i have heard that capital one is quick to sue but i did settle w
i have heard that capital one is quick to sue but i did settle with one of their collectors.. it was maybe a year or so after default but this was a much smaller amount.
I had a very small card with them. The balance was around $1300
I had a very small card with them. The balance was around $1300 when I settled with them at approx 160 days late. I settled for around $600. Not sure if that helps since the amount is very different, but it was a CapOne card.
