Debt with Capitol One

Date: Wed, 10/27/2010 - 09:44

Submitted by Robert Ortega
on Wed, 10/27/2010 - 09:44

Posts: Credits: [Donate]

Total Replies: 5

Hello my question is this, How do I go about requesting arbitration? I recently tried to get ahold of Captiol One to settle a debt I had from an old account, they transfered me to a law firm that said they just filed a suit against me. When I got angry and broke ties with them my card had a balance of $1250 so I called to ask if I payed the $1250 could we settle and could I get a deletion letter that I heard of and the attorney told me No sorry thast illegal and he will stop the lawsuit if I pay $1400. I am very sceptical as to not even receiving a call or letter from these people that any of this is true. After reading the forums I saw the post about arbitration and was wondering if this was a good option or not?

Sounds like it is too late for arbitration if the lawsuit has al

Sounds like it is too late for arbitration if the lawsuit has already been filed. Have you received a summons?

Pay for delete is not technically illegal....however a lot of creditors including Capitol One refuses to do so based on company policy.

lrhall41

Submitted by SOAPLADY on Wed, 10/27/2010 - 12:08

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You need to find out if they really filed suit or not. Could be

You need to find out if they really filed suit or not. Could be just trying to scare you. You should have received letter from them. No it is never to late for arbitration. If you get letter from them or summons you need to send them letter stating you "elect arbitration".

lrhall41

Submitted by OZZIE69 on Wed, 10/27/2010 - 12:25

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Havent recieved anything from them as of yet. The person I talk

Havent recieved anything from them as of yet. The person I talked to on the phone said he filed the suit on the 11th and i should recieve a notice in the next 2 weeks. And who should I send the letter too Capitol One or the law firm?

lrhall41

Submitted by Robert Ortega on Wed, 10/27/2010 - 12:40

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Quote:Originally Posted by Robert OrtegaHavent recieved anything

Quote:

Originally Posted by Robert Ortega

The law firm and I believe also the court if you receive summons. You must also answer summons.

Sent you PM

lrhall41

Submitted by OZZIE69 on Wed, 10/27/2010 - 12:50

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cap One dropped their arbitration agreement last January - but i

cap One dropped their arbitration agreement last January - but if you defaulted prior to January 2010 you can probably still choose that. Read up on how you do it, it is a letter that you send the electing the arbitration. Can't be sure, but I think there were some posts about people electing it when they went to court even. but you will have to read up.

lrhall41

Submitted by Debt Free to Be on Wed, 10/27/2010 - 20:27

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