mamatodallas Posted April 7, 2008 Report Share Posted April 7, 2008 Ok last week I sent out all my certified letters to the OC's and the CA's(which cost me $76 by the way..it was for me and my husband though) and in those letters I asked them to send their written response so I have it in writing and no more phone calls. So this morning I get a call from Capital One and the Caller ID is from a number I haven't seen before although it did say Capital One. They call my house 13 times a day so I know the number...anyways she said on the message to call back so they can talk about the settlement letter I sent out. But the number she left is just the standard number no extension or contact person or anything. I'm a little mad that I went through all that in writing and they are not going by it. What should I do next? Call back and probably get the run around by calling the normal number? Or wait for something in writing? Send a letter saying again I know you contacted me but if you want to settle or agree to my settle respond by writing? Link to comment Share on other sites More sharing options...
VeVe Posted April 7, 2008 Report Share Posted April 7, 2008 Call back and work out a settlement asap. This only applies to Cap 1 though. Link to comment Share on other sites More sharing options...
mamatodallas Posted April 7, 2008 Author Report Share Posted April 7, 2008 Call back and work out a settlement asap. This only applies to Cap 1 though.Thanks for responding so quickly...but curious why just Cap 1? And if another credit card does that what do I do then? Call them back? Or send them a letter asking for it in writing? Link to comment Share on other sites More sharing options...
VeVe Posted April 7, 2008 Report Share Posted April 7, 2008 Thanks for responding so quickly...but curious why just Cap 1? And if another credit card does that what do I do then? Call them back? Or send them a letter asking for it in writing?Because Cap 1 will update your credit reports every single month, will hire many CAs to try to collect, and eventually will sue you if you don't pay up. It's easier (and better) to just settle asap. It prevents further harm to your credit, and is much, much cheaper in the long run because they will get their money from you at some point. Even in a CO status, they will continue to add on fees and interest, so the balance will continue to grow. They also don't offer the settlement forever, so grab it while you can. As for other CC companies and what to do, depends on who they are. Link to comment Share on other sites More sharing options...
mamatodallas Posted April 7, 2008 Author Report Share Posted April 7, 2008 Because Cap 1 will update your credit reports every single month, will hire many CAs to try to collect, and eventually will sue you if you don't pay up. It's easier (and better) to just settle asap. It prevents further harm to your credit, and is much, much cheaper in the long run because they will get their money from you at some point. Even in a CO status, they will continue to add on fees and interest, so the balance will continue to grow. They also don't offer the settlement forever, so grab it while you can. As for other CC companies and what to do, depends on who they are.ok makes sense...thanks Link to comment Share on other sites More sharing options...
1flyfisher Posted April 7, 2008 Report Share Posted April 7, 2008 make sure you know who exactly you are dealing with. make sure it is cap one and not some ca claiming to be cap one. Link to comment Share on other sites More sharing options...
mamatodallas Posted April 7, 2008 Author Report Share Posted April 7, 2008 make sure you know who exactly you are dealing with. make sure it is cap one and not some ca claiming to be cap one.How can you tell? The call back number was from them so I assume it was. Link to comment Share on other sites More sharing options...
1flyfisher Posted April 7, 2008 Report Share Posted April 7, 2008 Call cap one and make sure the number is a cap one num,ber for starters. Sometimes CA's say they are calling on behalf of an OC when they are not. Be smart and call the call back number and ask who they are. Watch out CA's can be tricky.How can you tell? The call back number was from them so I assume it was. Link to comment Share on other sites More sharing options...
mamatodallas Posted April 8, 2008 Author Report Share Posted April 8, 2008 Call cap one and make sure the number is a cap one num,ber for starters. Sometimes CA's say they are calling on behalf of an OC when they are not. Be smart and call the call back number and ask who they are. Watch out CA's can be tricky.wow that is tricky...thanks for the great advice Link to comment Share on other sites More sharing options...
fatherof3 Posted April 8, 2008 Report Share Posted April 8, 2008 Still get everything in writting before paying. You need paperwork to back you up. Link to comment Share on other sites More sharing options...
jasen Posted April 8, 2008 Report Share Posted April 8, 2008 If your creditors are still talking to you, definitely negotiate something with them.Once they charge off and sell the accounts to collectors, it will just get worse. Link to comment Share on other sites More sharing options...
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