Cap One or Crap One - Bad Company

[argento05]

Contrary to the Subject Line, This is not a rant, but an object lesson as to why we so much hate CRAP ONE. As far as I can tell, they are a company without conscience.

Here are the facts:

1. CRAP ONE is one if the few remaining derogs on my CR's.

2. It is past SOL

3. I sent them a PFD proposal last week (4/3) proposing to pay what I originally owed them, $740, at the time of First Delinquency, not the $2,359 that they say I now owe, in exchange for deletion of the negative TL and their agreeing not to sell the account to a collection agency. (BTW I sent the PFD proposal to Richard Fairbank, pres/ceo and Catherine West, President of US Card.)

4. The TL is currently being disputed with the 3 CRA's.

On the 6th I see that Creditors Interchange in Buffalo NY did a hard pull on my EX report. It turns out that CRAP ONE has turned the account over to them for collection.

Creditors Exchange has not listed collection on my CR's yet, but I expect that they will show up soon. When it does show up, I plan to dispute with the CRA's, send them a C&D letter, along with a DV request disputing the debt. I'll also be watching closely to make sure that they don't reage the account.

I also sent a copy of the PFD proposal to the Commonwealth of Virginia, Board of Financial Institutions.

If CRAP ONE has sold the account to this new CA, that might not be all that bad, because I can then dispute CRAP ONE's listing of the negative TL as a duplicate of Cred. Int. and probably get it removed. That will get rid of their bogus balance and recurring delinquency that continues to hose my scores.

CRAP ONE does not disappoint! It's past the point of being amazed at how bad they are. It seems that they revel in being as@#%&es and being reviled. It's an interesting business model. It would make an interesting case study at B-school to see how much they could recoup by working with cardholders to rehabilitate past due or CO accounts.

Any thoughts, and has anyone ever heard of Creditors Interchange.

CRAP ONE. "Great Company". DOH!!

[jkbowen1021]

Good Luck. I have been recently sued by the rat Bast*****. I called the attorney that they hired and he told me that I need to get a better job so that I can pay my bills. I already work 2 jobs, but they don't care. Said they were going to garnish. Good luck with them. I do wish you the best.

[sjcraw]

Contrary to the Subject Line, This is not a rant, but an object lesson as to why we so much hate CRAP ONE. As far as I can tell, they are a company without conscience.

Here are the facts:

1. CRAP ONE is one if the few remaining derogs on my CR's.

2. It is past SOL

3. I sent them a PFD proposal last week (4/3) proposing to pay what I originally owed them, $740, at the time of First Delinquency, not the $2,359 that they say I now owe, in exchange for deletion of the negative TL and their agreeing not to sell the account to a collection agency. (BTW I sent the PFD proposal to Richard Fairbank, pres/ceo and Catherine West, President of US Card.)

4. The TL is currently being disputed with the 3 CRA's.

On the 6th I see that Creditors Interchange in Buffalo NY did a hard pull on my EX report. It turns out that CRAP ONE has turned the account over to them for collection.

Creditors Exchange has not listed collection on my CR's yet, but I expect that they will show up soon. When it does show up, I plan to dispute with the CRA's, send them a C&D letter, along with a DV request disputing the debt. I'll also be watching closely to make sure that they don't reage the account.

I also sent a copy of the PFD proposal to the Commonwealth of Virginia, Board of Financial Institutions.

If CRAP ONE has sold the account to this new CA, that might not be all that bad, because I can then dispute CRAP ONE's listing of the negative TL as a duplicate of Cred. Int. and probably get it removed. That will get rid of their bogus balance and recurring delinquency that continues to hose my scores.

CRAP ONE does not disappoint! It's past the point of being amazed at how bad they are. It seems that they revel in being as@#%&es and being reviled. It's an interesting business model. It would make an interesting case study at B-school to see how much they could recoup by working with cardholders to rehabilitate past due or CO accounts.

Any thoughts, and has anyone ever heard of Creditors Interchange.

CRAP ONE. "Great Company". DOH!!

I had to deal with those low- down Ba$tard$. about a month ago. they went as far as to finding my brother's phone number on the internet and they called my sister-in-law, they harass and threaten to take her to jail about a old debt of mine 10 years old. I contacted them through CRRM with a cease and disist letter. I then filed a online complaint to the AG and FTC and made copies of the complaints and mailed it to them with a somewhat nasty letter. As of today I haven't heard anything else from them and the account was removed from my CR. they will also send out false summons to try and scare you up. But fight back if you have any trouble from them and use the laws to the fullest extent. They are just wimps? I feels so proud to have fought back and won.

Good Luck to you

Sjcraw