Complaint / review text:
Beware of Capital One Bank!!!
I got 2 Capital One Visa cards with a maximum credit limit of $200 each on both cards. Capital Bank charged off both of these credit cards over 2 years ago and continues to charge over the limit fees, late fees, and finance charges. Capital one does not report the original maximum credit limits to the reporting agencies only the current balance with an additional $60-70 each month in fees that they continue to add on these old charged off accounts. Capital One reports that I owe well over $1,000 on each of these $200 Visa cards.
I have contacted Capital One to correct this and update my credit file to show original credit balances of $200 and was told this is a common reporting practice by Capital One not to report original credit limits. I have also disputed the balances with the credit reporting agencies and Capital One continues to verify that the balances are being reported correctly.
Beware of capital one bank!