Complaint / Review
Capital One
Settlement Offer Letters Pressure Borrower on SSI Disability

Extort money through fear and intimidation.

I'm on SSI Disability, my credit mess is pushing me to my grave with worry. I have borrowed on credit cards to keep up the payments on others, including 30 day loans and bank over drafts to keep on paying.
I gave up about four years ago on most, but still paying on two.

On 10.30.06 I received two letters from Capital One the TV, What's in your wallet people.
Signed: Sincerely Pat M. Williams Executive Director, Credit Services

P.S. This offer expired November 25, so call today.

*If we cancel or forgive a debt you owe of $600.00 or more, Capitol One must provide a 1099-C tax form to you. Generally, you must include the canceled amount in your reported income. See instruction on your tax form