I ran into hard times last year. I owed Capital One Bank $700.00. I couldn't pay on the debt. After several months went by, the interest, and collection costs zoomed. When the debt approached $2000 I had a family friend who is an attorney try to contact some of my creditors to offer settlement agreements. HSBC settled. Capital One played hard ball and flat out sued me.
Luckily, I was on public assistance, and they could not move forward with the judgement. I was recently hired back again FT. Now they are attempting to garnish me. No surprise there.Hate to file a bky 7 over this, but I cant handle a 20% hit on my check.
I'm pissed because Capital One got bailed out with TARP FUNDS. I didn't. For them not to settle on a smaller amount was BS. Now at least my conscience is clear. I tried to pay them something, and they balked. As a result, they will get zip, and they are taking all the other creditors down to boot, if I decide to file a #7.
Never, ever, ever, do biz with this operation. They are foreign to begin with. They are ruthless. Stay away!