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Anyway to get Capitol one to settle?

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Subject: Anyway to get Capitol one to settle?

Thu Dec 31, 2009 2:22 am

Hi thanks in advance for any advice you can give. I have 3 capitol one accounts. 2 of them are approx $800 & other is $900, then one is $3800. Lost one income when wife lost her job a year ago. cant keep up payments. Capitol one will not settle. I only have money for original balances. no more money. have talked with them approx 3 times. They keep wanting me to send payments, cant do that as have to eat. Is there any way to get this company to settle???

carol

Joined: 27 Jun 2006
carol's page
Posts: 1307
Location: Los Angeles, California

29555 Magic Points

Thu Dec 31, 2009 11:21 am

Well I' sorry guest but creditors take a long time before they can agree to settle any debt. They would do as much as possible to get the whole amount from you rather than a part of the debt. You can only keep your patience and try to persuade them to settle. Maybe this will take some time but I believe if you can show them your earnest desire in paying back the debt despite the financial hardship you are going through, they might melt. The other option would be to ask for debt consolidation where you may request them to lower monthly payments, or lower the interest they are charging on the debt or maybe waive any late fee.
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cinnamngrl

Joined: 01 Nov 2008
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Posts: 1455

6339 Magic Points

Subject: complain

Fri Jan 01, 2010 3:49 pm

Send a complaint to the OCC.

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