I see people defending Capital One here. I did some checking on internet besides this site. The complaints against Capital One are unbelieable. Its consistant in complaints. All the same type. I'm not sure but I think NCO Financial is now evolving into a Financial Planner company. A replacement for debt management companies. Forget about Capital One. After looking on thier site like many others I found the same problems. They are hard to contact.
When applying for credit you'll notice Credit Bureau reporting companinies listed on thier site.
Equifax
transunion
experian
So guess we know who owns these companies. NCO Financial has been sued for the largest amount of any company for fraudlent charges. Kind a like the company that takes the heat for Capital One. For what they take in from people who do pay the overlimit and late fees. Best advice I can give is read the contract before you sign it. If its advertised on TV it's not worth bothering. Anything commercialized is corrupt and bends and breaks every rule they can to get ahead. It's like a game. They know they can't lose. So be patient if you make a mistake. No One's perfect.
If you can't afford to catch up don't worry or stress out about it. Capital One automatically collects insurance on every charge off. Then they sell it to a debt collection agency. Thier revengeful because they falsely report your credit to the credit companies listed on thier site. Your credit score means nothing. Its just another ploy in the game to get people to pay ridicuolous overcharges which they call fair and legal. Why would you want a do business with a company anyway that charges such high interest rates.
The only way we're going to beat Capital One is by showing the public alternative banks with reasonable rates and willing to understand thier customers are only human and need a little help sometimes and since were not all lawyers you really need to take a lawyer with you to explain the Capital One contract. I applied and tried thier calculator on the Capital One site. Then I called and got a different interest rate. I went into the bank and applied and got yet another different quote on the same amount.
Better Business Bureau has been a big help to me lately with internet companies. They even got a charge reversed were my wife signed up for AOL free trial and they deducted next day. Federal Regulation E. The Federal Trade Commision was'nt much help. The attorney generals office I'll let you know soon. NCO Financial is really bad. Why Capital One isn't in court now like Enron I don't understand. But when thier overhead catches up with their intake then watch out. Heads will roll. Lol. Unless you make $40,000 a year your credit is low even if its good.
If you make $24,000 a year your credit score is basic bottom and this is for a single person. So for the rest of you don't be con'd by the credit score thing. It's based on your income. Thats all they keep track of and your bad credit. If you make good money any bank will give you another loan no matter what your credit score reads.
Ken
Johnston, Rhode Island
U.S.A.
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