Back in early 2000 I received an offer from capital one for a credit card so I got a credit limit of 300$. After about 6 months of paying on time the limit was raised to a 1000$ without notice. About one year later I fell into hardship and could not pay it off so I made minimum payments.in mid 2000 I tried to rent a home for my family and my credit check came back saying that I owed capital one 1500$ and needed to pay the minimum payment or I could not rent the home.
So I called Capital One and asked them if I only had a 1000$ limit why do I owe you 1500$? I was told it was all fees and my minimum payment is 460$ so I made an online payment of 465$ of barrowed money so I could rent the home. A few months pass of me making minimum payments and I get a statement saying I owed 1600$. So I call capital one again and ask why do I owe 1600$ if I make my minimum payments and I just made a 465$ payment they told me my payments were always late because they never made the cut off time of 4:00P.M. And if the balance was not paid in full the fees would keep rising even if I paid my minimum payments.
So in anger I stopped paying all together. Well a few years went by and I get a collection letter stating I owed Capital One 3900$ and would settle this for 2900$. So I call the collection agency and tried to explain that I only had a 1000$ credit limit, well they wouldnt hear anything I had to say. So I try to offer them 150$ a month payment plan, I was told NO I had to pay in full, I did not have that kind of money so I told them I could not do that then never heard from them again. A year goes by without word then out of the blue I was served with court papers stating I was being sued by Capital One.
So I contact the attorneys office who is handling the case and was told, and I quote "if I did not agree and sign the documents that they were going to take my car and 40% of my wages will be garnished from your employer. I tried to explain to them as well that I did not owe the amount that Capital One is saying I owed them. Their reply was if I had any documentation to prove that I owed then any less than what was asked for, witch I did not have so I pled to them that I had a family to feed so in fear I did what was asked and am now paying 150$ a month for X amount of years which is so far totaling over 7000$.
Well recently cleaning out old paper work I find the collection document stating that I only owed Capital One 2900$. Witch is still a lot higher than what I believe I owed them but a lot more reasonable then what they are getting out of me. So I call the attorneys office and tell them I only owed this amount and now have proof and they tell me its to late you should not have signed the Documents now you owe this amount HA, HA, SORRY. I and everyone that will hear me can not believe how Capital One is getting away with doing this to me and Thousands of others???
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