Capitol One Con Why Chat and Lady in Red? Anyone?
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Posted by TX FIGHITNG BACK
(66.136.45.75) on August 14, 2004 at 16:00:29:
This is interesting. I had a capitol one card (Plantium) that I lost due to 9/11 when my job evaporated and so did income has been three years. Last payment was Aug of 01. I am in TX and everyitng is gone in 4 years and it all is SOL come then. Today I got a letter from them GUARANTEEING a new card! The kick is this and I quote "0%apr on your chardced off debt for the life of your acpitol one accounts-9.9% apr INTOR APR on new purchases until '06-opportunity to earn credit limits increase up to a maximum credit lime it of (get this) $600.00 "When you accept this offer your charged off account of 1255 will transferred inot your new capitol one visa account. Your account will have an inital limit of $1 tha will increase to $50 after your first payment then for every $100 of charged off you pay you get a $25 limeit increase to max of $600 "when your new account is opened all recovery activites aganist you pertaining to your charged off account will stop the credit bureasus will be notified that your charege off has been paid in full." Now this seems crooked to me. They have already taken the tax credit on the chareg off in '01 All this seems to be doing is that I am VALIDATING the debet and that I am sending up a RED FLAG to every sucm sucking attorney out there. Any feed back is welcomed. On one had it seems very fair but on the other is seems like they are trying to sucker me in and since I have opted out I have no more hits on my credit and in less than a year I can begin again when all of this stuff is past SOL and I can begin to build my credit again FEED BACK IS WELOCME AND APPREICATED
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