Capital One turned me over to a collection agency back in February. The representative from Capital Management Services demanded then & there I settle this account. I asked what the settlement amount would be & he said $857 and some odd cents. If I had that much laying around I would pay it, but I don't.
The bad thing about this is... Even though they have turned me over to a collection agency, they are STILL COLLECTING interest!!! 23.99% to be exact. I recently called the company to try to come to an agreement & I got routed to the collection agency.
Has anybody else had this happen to them? I hadn't made payments on this account for over 4 yrs. Is there a 5 yr. Statute of limitations in the State of Iowa?
Any help would be good.
Thank you
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