Q. I owe Capital One $8,000. I have been contacted by Nelson, Watson & Associates to collect on my Capital One debt. I offered them $2500, more than 25%, but they rudely refused and said they want payment in full. They also have threatened to sue or take me to court. My husband was unemployed […]
Entries Tagged as 'Legal Stuff'
I’m Being Threatened with a Credit Card Lawsuit
January 25th, 2011 · 6 Comments · Legal Stuff
Tags: cease and desist·community property·Debt Settlement·Fair Debt Collection Practices Act·get a judgment·legally sue·settling debt·sued for debt
FTC Recommends Changes in Debt Collection Litigation and Arbitration
July 13th, 2010 · 2 Comments · Debt Collection, Legal Stuff
On July 12, 2010, the Federal Trade Commission (FTC) issued recommendations on proposed reforms to debt litigation, including the process of arbitration. These recommendations were based on a 2009 report on the debt collection industry as a whole. Debt collectors frequently use the court process fraudulently in the following ways: Failing to properly notify consumers […]
Tags: Arbitration·arbitration forum·debt collection litigation·default judgments·FTC·FTC recommendations·garnishments·lawsuits·NAF·Settle Debts
Capital One Sued by West Virginia Attorney General
January 26th, 2010 · 20 Comments · Debt Collection, I'm suing those guys!, Legal Stuff
Boy, we sure love Capital One here at creditinfocenter.com. Like a politician who is constantly having affairs or accepting big bribes, they provide us with lots to write about. The latest? The West Virginia Attorney General, Darrell McGraw, is suing them for deceptive practices in both lending and collection practices. According to the press release […]
Tags: Capital One·charge offs·Consumer Attorneys·Darrell McGraw·Debt Collection·deceptive practices·interest·late fees·re-aging·West Virginia
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