02-22-2014 10:38 AM
I just signed-on to my account page and this was posted:
We can do better.
You may have heard there is language in our customer agreements stating we could potentially make “personal visits” to our customers.
As much as we would like to get to know each of our customers better, we don’t visit our customers at their homes or workplaces to discuss their credit card debt—ever. We never will and apologize if we ever made you think we might.
And if we need to call you—rest assured—we will never claim to be anyone other than Capital One when we make those phone calls.
Finally, we are reviewing our customer agreements to ensure we use language that more clearly represents our intentions. We can do better.
I was just about to post this lol. I saw it too
08-06-2014 11:19 AM
Does this ever actually happen to anybody?
Those "Communications" terms are still in their credit card agreements, which are posted online.
When Capital One sells a charged-off debt, the buyer inherits these terms, according to the "Assignment" section of the agreement.
So the buyer's collector might feel empowered by the language allowing visits at home or work.
But does anyone know if such visits actually happen?
08-09-2014 01:03 PM
I would assume cap one would not waste the money or manpower to stop by someones house unles they owed them a hefty amount of money and had the means to pay but refused. If you are out of work in collections it is a lot different than making six figures and not paying.
08-13-2014 02:05 PM
Glad I don't have that card in my wallet. Not sure how I would feel if a credit card company came to my home. Seems like a lawsuit waiting to happen.
08-22-2014 01:43 PM
A Capital One representative just told me that new customers are now getting agreements with updated language.
Has anyone seen this and care to share it? I am trying to determine the extent of the update.
Existing cardholders will be getting the new terms in a while, according to the company.
08-26-2014 08:02 AM
Capital One now says it is revising these terms for general purpose cards but keeping them for store cards.
Keeping rights to call your cell phone, if you provide the number.
Here are the new terms in the "Communications" section of card agreements, and a link to the news article:
"You agree that we may communicate with you by mail, telephone, email, fax, prerecorded message, automated voice, text message or other means allowed by law regarding your Account. You agree that we may contact you at any telephone number (including a mobile telephone number that you provide us), and use an automated telephone dialing system or similar device to do so. You agree that we may monitor or record any conversation or other communication with you."
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.