Capital One Situation

[scramblingin2007]

anewday, what is the "new balance due" for this billing statement?  If it is say..$150 try to pay that 150 in full, if you can't pay the new balance due you will have to call them, they will make you pay 1/2 one week and 1/2 before the new billing cycle. Please try your best to pay them before your new billing cycle because they will screw you, they did this to me for 3 years my 5k balance did not go down because of all the fees and apr. I just paid them in full in august, i suffered with them a long time. good luck!

[Anonymous]

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ANewDay wrote:

I recently brought my own home.  I was looking into "Prosper" around the same time.  To date, I only have one cc "Capital One" and medical bills from a 7 day stay in the hospital following a visit to the emergency room visit in which I was diagnosed with several things.  They chose to treat me for 7 days.  I worked with a very savvy pre-qualification individual and was able to achieve the ultimate dream of homeownership.  AT this time I am two months in, but I chose to not pay COne for about two months.  First they sent me a collection letter, and I said okay now I can work toward paying the balance.  Then another month goes by and they are now sending me a regular bill, [only $300 worth of credit] with atleast $100.00 worth of late fees, etc.  So now they have the balance to about $500.00.

Any thoughts on how to handle this wonderful company, and not loose my sanity in the process.  In reality I know that everyone needs atleast one major card, but how do I let them know I need them but stop all of these fees being added to just run up a bill on their end.  Please let me know.  Thank you for your time in reviewing this question.......................

Also, of course by the time I got my thoughts and business together to apply with Prosper for a loan to tie up some loose ends, and do a little roofing work on the house, they said that I did not meet the qualifications, meaning my score was too low to apply.   ......Thanks Again

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Question for you?  You said that you chose not to pay them for two months, why?  Was the payment too much?

Eve