How to stall Captal One ?
Date: Wed, 08/22/2012 - 08:18
I owe Cap One approximately $1600. They sent the debt to Leading Edge Recovery (Chicago). They have been trying to collect for a while but I do not have the money. If I did have the money, I would just settle with Leading Edge for the approximately $800. I'm searching for a job and hope to be able to pay the debt before the end of this year.
In June, I tried to stall Capital One & Leading Edge with a debt validation. That didn't work. In the letter I asked then to cease and desist for 30 days. Last week Cap 1 sent me a letter saying they received my cease & desist letter. They seemed to have ignored that my request was for 30 days, which has passed. Now, I am concerned they will sue me.
I can call Capital One and explain my situation. But I stopped paying them over a year ago and I do not have the funds to pay them now. I realize $800 isn't much - unless you don't have $800. I'm concerned if I tell them I cannot pay now, they will sue sue me.
I thought about trying to get another credit card and pay the $800 to Leading Edge. That would give me time to recover but I'll owe the new credit card company. Of course, that's shifting money and I'll owe someone. But I need to bye some time until I can find a job and get a paycheck.
Anyhow, what can I do to stall them and not have them sue me?
Thank you!
No one is going to give you a credit card with cap one unpaid an
No one is going to give you a credit card with cap one unpaid and in collections
Cap One is agressive and the very act of the DV and cease and desist probably will speed up the suing process as to them, you are being a difficult debtor.
In the eyes of Cap One I can see why they would think I am being
In the eyes of Cap One I can see why they would think I am being difficult. I made a mistake. I've made alot of mistakes. I need a job and I am currently sending resumes and searching for a job. I want to pay this but I do not have the money to do so right now. What can I do to stall Capital One? If I call or write them a letter explaining my situation, will they work with me or will I make it worse on myself? I need some good advise, not a slap on the hand as I know I've made mistakes. No disrespect intended but I need to know what I can do now to stall Capital One.
You are now in the collection agency loop so contacting cap one
You are now in the collection agency loop so contacting cap one is out of the picture. Personally I would recommend just laying low and dont bring attention to yourself. There is nothing you can say to them that will stall them if they decide to sue you.
Somehow, Capital One and Leading Edge are still working together
Somehow, Capital One and Leading Edge are still working together. It does not appear Cap One sold the debt to Leading Edge as both are contacting me. The last 2 letters came from Cap One. The last letter was last week.