Capital One
Garnished bank account, one-day notice on my door, put a lein on my property! Refuses to close account!

I had 2 capital one credit cards with $500 limits. I had these for several years and they were in good standing until like many of us, I got caught in the financial mortgage fiasco and almost went bankrupt. I decided to try to work out my finiancial issues and try to make arrangements with creditors and had to let all of my credit cards go and close them out. Capital One was the only credit card company who gave me such a hard time. They would not work out a financial agreement except on their terms which I could not and still cannot afford. They refuse to close my accounts and are continuing to charge me interest on the accounts!

I came home from work late one night to find a garnishment summons on my door that said Capital One was garnishing my bank account the following day and they added so many fees and interest that it was over $1100. I had no warning, no nothing and you guessed it, not only was the following day my direct deposit hit my account from my job, my entire bank account was wiped out and I didn't have a dime to my name. As a single parent with 2 children I was terrified!

The garnishment summons said I could come to court to contest it but the date on it was months away. The last I heard, Virginia law says only 25% can be garnished but I can tell you that Capital One took every penny they could from me and guess what? That was for only ONE credit card. Now they sent me another garnishment for the same bank account and when I called them to tell them I don't even have a checking account anymore, the guy said "Well thats okay because I'll just put a lein on your property and every day I'll charge you interest until it's paid off." Again, they refused to allow me to make payments based on my budget and will not close it out.

I'll spare you the details of telling you the snowball effect that wiping my checking account caused me (including American General finance repoing my car) but I will leave you with this: the Richmond Times dispatch reported that Capital One said they didn't need any government bail-out cash then Capital One ended up taking it anyway. Anyone ever noticed all the ads that Capital One has all over television? They paid a gazillion in advertisement but took government bailout money. Hmmm. There should be a law against what they've done.

Anybody out there filing or considering to file a class-action law suit concerning this, count me in! Consumers need Justice!

Company: Capital One
Country: USA
State: Virginia
City: Richmond
Address: 15000 Capital One Drive

  <     >