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OC called me to talk about settling debt?


mamatodallas
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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?

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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?

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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.

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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

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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.
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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

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