CAPITAL ONE CREDIT CARD BAD DEBT

[Anonymous]

HELLO EVERYONE I HAVE A CAPITAL ONE CREDIT CARD THAT HAS BEEN CHARGE OFF AND ACCOUNT CLOSED BY CREDIT GRANTOR ON 2006 BUT IT'S BEEN 3 YRS SINCE IT WAS CLOSED. I PULLED MY CC AND SHOWING A BALANCE OF $1749 BUT WHEN IT CLOSED ON 2006 THE BALANCE WAS $914,IT SEEMS LIKE THEY'RE CHARGING AN INTEREST EVERY MONTH.  YET THERE IS NO INFO IF IT WAS SOLD TO A COLLECTION AGENCY. IT SEEMS LIKE CAPITAL ONE STILL HOLDING THE ACCOUNT. WANNA KNOW WHY CAPITAL ONE STILL HOLDING THE ACCOUNT AND NOT BY A COLLECTION AGENCY SINCE ITS ALREADY CLOSED.  IS THIS A MISTAKE ON A REPORT? SHOULD I REPORT THIS AS A DISCREPANCY? WHY ARE THEY STILL CHARGING ME INTEREST SINCE THE ACCOUNT IS CLOSED?

[BungalowMo]

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@Anonymous wrote:
HELLO EVERYONE I HAVE A CAPITAL ONE CREDIT CARD THAT HAS BEEN CHARGE OFF AND ACCOUNT CLOSED BY CREDIT GRANTOR ON 2006 BUT IT'S BEEN 3 YRS SINCE IT WAS CLOSED. I PULLED MY CC AND SHOWING A BALANCE OF $1749 BUT WHEN IT CLOSED ON 2006 THE BALANCE WAS $914,IT SEEMS LIKE THEY'RE CHARGING AN INTEREST EVERY MONTH.  YET THERE IS NO INFO IF IT WAS SOLD TO A COLLECTION AGENCY. IT SEEMS LIKE CAPITAL ONE STILL HOLDING THE ACCOUNT. WANNA KNOW WHY CAPITAL ONE STILL HOLDING THE ACCOUNT AND NOT BY A COLLECTION AGENCY SINCE ITS ALREADY CLOSED.  IS THIS A MISTAKE ON A REPORT? SHOULD I REPORT THIS AS A DISCREPANCY? WHY ARE THEY STILL CHARGING ME INTEREST SINCE THE ACCOUNT IS CLOSED?

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First...please...don't use all caps.  It's tough to read.

Capital One still owns your debt.  They are still charging you interest because you still owe them money & will continue to do so.  I had the same thing, but had called to make payment arrangements before I found this forum.

You might have some leverage on getting the neg rermoved.  Is this reporting as closed/charge off?  What dates are you seeing as the lates?  Do you see 30, 60, 90, 120, 120 etc...then it says CO?  If so...what's the date (month/year) on the 30?

[Anonymous]

thank you for responding, it showing as "charge off with bad debt" and i'm not seeing any dates on late. On the Late payment history is showing 0 history for 30 days, 60 days and 90 days. can i negotiate on paying down the balance?

[BungalowMo]

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@Anonymous wrote:
thank you for responding, it showing as "charge off with bad debt" and i'm not seeing any dates on late. On the Late payment history is showing 0 history for 30 days, 60 days and 90 days. can i negotiate on paying down the balance?

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Where is that report from?  Do you have just one report??  You should get the 3 free ones if you haven't yet.  They give you detailed info on your "baddies" like when they're due to drop off.

Go  here  to get your reports .

[luvs11]

I have been informed that I am being sued for breach of contract from Capitol One Credit Card. I have a copy of my credit report, printed today, that states the status 

on my account as charged off. Then it shows a dollar amount written off and the the same dollar amount past due as April 2013.

Under status details it states: This account is scheduled to continue on record until Dec 2018.

I have not been served yet but I did pull up the court file on this judgement. It lists Capitol One Bank as Plaintiff and list an attorney for the Plaintiff. My credit report

shows this amount as charged off and written off. Is this a 3rd party debt collector?

I am 61 years old and on social security disability, i do not own a home or any other property, no stocks, bonds, etc , just my social security. what can happen?

[DaBears]

Hi luvs and welcome to the forums!!!! Good news is they can't touch your social security. 

[luvs11]

so in other words, they cannot freeze my bank account? what will happen with the judgement?

[DaBears]

You need to call the court house and tell them your on social security and it's direct deposited  into your account. They will know they can't touch it. It happen to my mom and we took the CA to court and the judge made the CA refund all the money plus penalty fee's to my mother. 

[luvs11]

First of all thank you all for your help, I really appreciate it.  I am not sure who I would contact at the Court House, the Circuit Division? 

I haven't been served yet but it is there in the records that a judgement has been initiated. After I get served, you suggest I call the

Circuit Division at the Court House and explain my situation and they will actually help me?  I don't need an attorney? 

[Shogun]

Contact the attorney that they are using.  Explain your situation to them.  And by all means, show up on the court date.