John
Califon,#2Consumer Comment
Tue, January 06, 2009
please post this alleged 'law' You must know it as you make reference to it.
Ronald
Glen Allen,#3Consumer Suggestion
Tue, January 06, 2009
They are not allowed to contact your employers to discuss problems with your account. Just like with me, they broke lender laws. Class action may be a problem for a while. You're unknowingly forced into an arbitration agreement with capital when they "updated" your so called agreement to save them serious liability. A large group of us are trying to get forced arbitration on credit cards. Until then they have little reason to worry about breaking the law to collect a debt, and freely do so.
Scott
Rock Rapids,#4Consumer Comment
Mon, December 22, 2008
How are you being ripped off? It is you who is ripping off Capital One. You admit to being considerably late on your payments. You voluntarily entered into a contractual agreement to pay a specific amount by a specific date, yet you do not do so, and then claim that you are being ripped off. Outside of death, there is no reason to not live up to your contractual agreements. If you cannot afford the vehicle, then sell it if you can get enough to cover the outstanding balance, or give it back. Either way you are racking up negative reports to your credit file (late payments and/or repossession). If you want the phone calls to stop, make your payments on time.