Does Capital One sue people for not paying their debt?
Some personal observations from representing former cardholders. Capital One sues its cardholders pretty vigorously. And once they do sue they are not very interested in giving them a break, in fact, one of their lawyers told me that at that point CapitalOne does not care if you stay a cardholder any longer. In other words, do not expect a break by promising to keep using their card and not missing any payments in the future. Another thing is that CapitalOne insists on settlements not lower than 80% of the total “amount sued for ” or it will go to trial, get a judgment for the entire amount and do everything they can from garnishment to seizure of assets to get paid. Note that I used the term “amount sued for” and not “amount owed”. This bullies and frightens people into foregoing some of their rights. In one case I had, Capital One sued for more money that it was owed by overstating the amount of interest and attorneys fees that were owed. The amount they sued for was higher than the
