Thread: Can I deal with cooke if dept sold

My Capital One charge card was charged off a year ago and sold to a CA , can I still deal with Mr Cooke ? Sounds like he is my best bet . I will pay it off $1000 if I can at least get a" payed as agreed" .

you won't get paid as agreed .... you will get settled more than likely... send him a letter via planet feedback.... send the collection agency a c&d letter explaining that you do not deal with ca's but will contact the oc to resolve the account.

Well if I can't get a payed as agreed I might as well take there offer at the CA for $330.00 to settle. I guess Capital One will have to take it ,

I wouldn't pay Cap1 a dime. I regret everyday that I allowed them to reaffirm an old out of SOL charge-off on my file. Now I have to sue them to get the re-aging fixed, which is a headache, and takes time out of my schedule. Plus there is always a chance, however slight, that I could lose my case, or not get enough of a reward to cover my attorney fees.

Cap1 will make you suffer the entire seven years period plus more if they see fit. What difference does it make whether they report it collection, charge-off, or paid charge-off, anyway you slice it Cap1 doesn't deal, and until they do, why should we consumers deal with them?

If you do pay, they will more than likely re-age the debt just to spite you. Read the post by sirrowan "Eugene Cooke sucks". But of course this is just my opinion.

PS, if the debt was sold, Mr. Cooke is out of the picture anyway. If it was assigned you can still deal with Cap1.

The original creditor has no more claim on a debt that was legally sold to another creditor. If you paid Capital One, you would legally still owe the debt to the new debt holder since you have been properly notified that the debt was sold, if that is the case.

Ie. if you gave me an note for $10.00, and I sold the note to my friend for $5.00 because I needed cash, and then told you that I sold the note to my friend, you would have to pay my friend, since I gave you proper notice of the transfer.

Sorry, I did not notice that in your question before.