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Re: Cap One--Need some Help!!


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Posted by Linda (65.120.51.225) on January 30, 2003 at 15:13:42:

In Reply to: Cap One--Need some Help!! posted by V in SATX on January 25, 2003 at 22:21:33:

Cap One is suing people all over the place.

One of the things everyone needs to realize is that you don't just send a C&D letter without considering the circumstances. If you are in a position to be sued (you are) it is better not to send a C&F, it is better to send a letter saying they may no longer contact you via telephone, that all correspondence must be in writing.

Once you send C&D they have no choice - they have no way to try to collect without suing you. This is a new age in creditor dealings - they are all suing much sooner and much more easily, they are not just writing off the debt and selling it.

Be careful what you do - check here first!!!

Linda


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