I just got sued by capital one brehs

[Hawaiian Punch]

You sure its not a collection agency suing on behalf of the Capital One account? Normally, banks sell their past due accounts in bulk to collection agencies to write off some of their dead beats. If this is the case, try your best to not talk over the phone and have everything documented in writing.

If it's a collection agency, they are willing to settle for a lower amount, normally they mark-up the amount to turn a profit. It is always negotiable, I try to never pay past 10-15% my original balance, push for lower if you can negotiate well. Good luck to you.

This. Capital one is notorious for using law firm collection agencies. Reread the letter op and see.

Your credit tho.

What goes down must eventually come up

 

[Yagirlcheatinonus]

I bet your credit score

 

[a murda]

Most likely yes. At the end of the day they just want bread. Any bread. 3 grand ain't enough for them to fight this all the way. Now if this was 30 grand?

Sleep easy breh, what you dealing with right here is light work. Save your income tax check and use that to pay this off. Matter of fact don't sleep easy. Sleep, wake up, turn off the alarm clock and try to go back to sleep. That feeling before you fall back asleep? That's what this is.

#tpc dap & rep this man for putting a nikka at ease

 

[a murda]

I bet your credit score

A 620 something last time that I recalled

 

[beenz]

for unpaid credit debt

Need advice brehs
#tpc

if this is the kinda fukkery you are involved with, you should have filed bankruptcy. it would have protected you from your creditors and discharged ALL your debt (except student loans).

 

[beenz]

What's in your wallet brehs??

obviously for the OP, the only thing in his wallet is the struggle

 

[a murda]

if this is the kinda fukkery you are involved with, you should have filed bankruptcy. it would have protected you from your creditors and discharged ALL your debt (except student loans).

My credit is not completely fukked tho...and think god I have no student loans

 

[MJ Freedom]

Breh, you know at the end of the day them suing you really isn't gonna do shyt. All its gonna do is make it official (again) that you owe them the money... if you ain't got the money to pay, you ain't got the money to pay. I can't make you have money, even though they'll garnish all your shyt.

Edit: It'll fukk your credit up but I doubt you're worried about that.

 

[Red Omega]

They did the same to me breh - Cap one seems to really out to kill mufukkas. They hit me with a suit a few years ago and first things first make sure you reply - thats most important. if you don't a judgment will be decided against you and your wages will be garnished. these companies don't usually have the proof to win this shyt in court so if you reply it may just go away, its kind of a scare tactic.

just recently the case came back to me but in the form of arbitration which 9/10 arbitrator will go agains you - in this case i had to call up the debt collector directly and strike a deal.

so ultimately - just make sure you reply and try to work with the debt collector.

 

[Boogie]

Get credit cards when you can't afford one, brehs

 

[Mr. Negative]

Did u really have a credit card with them? They recently sent out a class action settlement like a few months back. I posted it in the reebok settlement thread. I hope it helps & that ur able to take part of it.

really? for what? I got two cards with them....

edit: nevermind I see the link

 

[GiGi]

I'll probably end of up doing that.....so if I go wit that approach do u think they'll drop the case...

You can negotiate a settlement. Get absolutely EVERYTHING in writing. And do not deal with them by phone. By correspondence only and send everything via certified mail.

 

[HookersandIceCream]

But they DO. Unlike the coli nikkas I live in a real world. I'm not a millionaire and I don't have certs so I know what bills are. My girl co signed for her pops to get a car 8 years ago. He died and the car got repo'd. Last year they asked my girl to pay the remaining $8,000. They said they would take $150 payments every month for however long she said no.Around September she got a call from another debt agency talking about give them $1,200 and they'll call it even.

They sold the debt to another collection company which is standard procedure. You usually have the over a 10K figure for them to directly sue you

 

[Blackout]

Capital one is notorious for using law firm collection agencies.

Well they do try to throw their cards on everybody so I can see why they would go that route.

They know damn well what they are doing.

Even got Samuel Jackson to do their commercial to appeal to their specific targets.

 

[HookersandIceCream]

Well they do try to throw their cards on everybody so I can see why they would go that route.

They know damn well what they are doing.

Even got Samuel Jackson to do their commercial to appeal to their specific targets.

Can we please stop blaming companies for your own stupidity?
I spend $500 on a capital one card 5 years ago and now they want to sue me help!
Well of course they are going to want their money back.