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Some personal observations from representing former cardholders. Capital One sues its cardholders pretty vigorously. And once they do sue they are not very interested in giving them a break, in fact, one of their lawyers told me that at that point CapitalOne does not care if you stay a cardholder any longer. In other words, do not expect a break by promising to keep using their card and not missing any payments in the future. Another thing is that CapitalOne insists on settlements not lower than 80% of the total "amount sued for " or it will go to trial, get a judgment for the entire amount and do everything they can from garnishment to seizure of assets to get paid. Note that I used the term "amount sued for" and not "amount owed". This bullies and frightens people into foregoing some of their rights. In one case I had, Capital One sued for more money that it was owed by overstating the amount of interest and attorneys fees that were owed. The amount they sued for was higher than the amount that they later admited was owed. What would have happened if the case were settled for 80% of the amount sued for would have been a settlement for more than 100% of the actual amount owed. CapitalOne uses many law firms and if any firm does not bring in at least 80% of the amount of the accounts they send to the lawyers, CapitalOne will drop that lawfirm. If a lawfirm wants to keep CapOne's business, it is not giving anyone a break. So when CapitalOne asks "What's in your wallet?" It is not only the card but their grubby hands as well.
What else can I help you with?
Can you explain how the snowball method works for paying off debt?
The snowball method for paying off debt involves paying off your smallest debt first, then using the money you were paying on that debt to pay off the next smallest debt, and so on. This method helps you build momentum and motivation as you see your debts getting paid off one by one.
In Ohio can a credit card company place a levy on the debtors checking account for unsecured debt?
No, not wthout the court's approval. They can take away your home, auto and asests with their approval though. I know of a person in Clevland that had a $300.00 debt with Capital One that ended up paying $900.00 for refusing to pay a debt. They took that from his payroll check.
Where could one locate a credit card debt consolidation service?
Credit card debt plagues thousands of people. Consolidating your cards can help tremendously when trying to organize your finances. Debt consolidation services can be found through companies such as, CareOne Debt Relief Services, Capital One Financial Assistance or No More Debts.
How does the debt snowball method work for paying off debt?
The debt snowball method involves paying off your debts starting with the smallest balance first, while making minimum payments on the rest. Once the smallest debt is paid off, you move on to the next smallest debt, and so on. This method can help build momentum and motivation as you see debts being paid off one by one.
Which bank has the best credit card rates?
Credit card rates depend on credit scores for certain people which then depend on ones overall debt and being on time for paying bills just to name a few. The most popular credit cards that offer cash back are represented by Bank of America, while one with the lowest interest would be Capital One, and the company offering the most rewards being Venture by Capital One.
Can you explain how the snowball method works for paying off debt?
The snowball method for paying off debt involves paying off your smallest debt first, then using the money you were paying on that debt to pay off the next smallest debt, and so on. This method helps you build momentum and motivation as you see your debts getting paid off one by one.
If we have a Joint mortgage one dies no insurance can lender foreclose?
If two people granted the mortgage and one dies the other is responsible for paying the debt. If the debt is not paid the bank can foreclose and take possession of the property.
Can you be prosecuted if you have been incarcerated for one year and haven't paid your car note?
Bet You Are Not There For Not Paying A Debt. NO!!!!!!!!!!!!!!!! You Cannot Be Put In Jail For A Debt.
In Ohio can a credit card company place a levy on the debtors checking account for unsecured debt?
No, not wthout the court's approval. They can take away your home, auto and asests with their approval though. I know of a person in Clevland that had a $300.00 debt with Capital One that ended up paying $900.00 for refusing to pay a debt. They took that from his payroll check.
Where could one locate a credit card debt consolidation service?
Credit card debt plagues thousands of people. Consolidating your cards can help tremendously when trying to organize your finances. Debt consolidation services can be found through companies such as, CareOne Debt Relief Services, Capital One Financial Assistance or No More Debts.
How does the debt snowball method work for paying off debt?
The debt snowball method involves paying off your debts starting with the smallest balance first, while making minimum payments on the rest. Once the smallest debt is paid off, you move on to the next smallest debt, and so on. This method can help build momentum and motivation as you see debts being paid off one by one.
Which bank has the best credit card rates?
Credit card rates depend on credit scores for certain people which then depend on ones overall debt and being on time for paying bills just to name a few. The most popular credit cards that offer cash back are represented by Bank of America, while one with the lowest interest would be Capital One, and the company offering the most rewards being Venture by Capital One.
How do you know if a debt consolidation loan is a good idea?
Debt consolidation loans are good for people who are trying to keep track of lots of small bills like maxed out low limit credit cards, or for people with multiple student loans. By putting all the debt under one lump loan, it helps people who were falling behind get control of their debt. A debt consolidation loan is a good idea if after consolidation you have a lower total monthly payment at a lower interest. If one of your loans has a significantly higher interest rate than your other loans, you'll want to exclude it from your debt consolidation and focus on paying it off as quickly as possible. If your debt consolidation loan includes it, your rate will be higher and you will wind up paying more over time.
Is executor responsible for deceadents debt?
The executor is only responsible for paying the decedent's debt up to the amount of the assets left. An executor sees that the funds available get paid to the right people. The funeral home is one of the first businesses that get paid.
Can you explain how the debt snowball method works for paying off debt?
The debt snowball method involves paying off your debts from smallest to largest, regardless of interest rates. By focusing on one debt at a time and making minimum payments on the others, you can build momentum and motivation as you eliminate each debt. This method can help you stay motivated and make progress towards becoming debt-free.
Can you be put in jail for not paying a judgment against you?
No. Judgments for debt owed is a civil matter not a criminal one.
How can one avoid capital gains by paying off their mortgage?
Paying off your mortgage can help avoid capital gains because when you sell your home, any profit made from the sale may be subject to capital gains tax. By paying off your mortgage, you reduce the amount of profit from the sale, potentially lowering or eliminating the capital gains tax you would owe.
