Cap One ????

Discussion in 'Credit Talk' started by CASPER72, Dec 30, 2001.

  1. CASPER72

    CASPER72 Well-Known Member

    Ok I know I am posting alot today but I am getting ready for the new year and I am really going to go forward on my credit problems. Fixing them that is!!! LOL Ok here is my latest question........

    I had a old out of SOL acct that was set to fall off of my report next november. I would like to get a Cap One card but they bought my old debt. Do you think that I could get them to put that debt onto a credit card and i would pay it off that way and I could keep the card open after I pay it off?
    Should I contact Mr. Cooke about this??
    Any other suggestions would be greatly appreciated!!!

    Casper72
     
  2. Nave

    Nave Well-Known Member

    I remember Cap1 was doing that for that exact purpose...buying old debt and offering a CC to put the debt on. I would contact Mr. Cooke through PFB and ask. It is worth a shot, and can not hurt since the SOL has passed.
    That is, if the debt is not HUGE...after all Cap1 usually offers minimal limits on new classic cards.

    -Peace, Dave
     
  3. CASPER72

    CASPER72 Well-Known Member

    Should I mention that the debt is out of the statue of limitations or should I keep quiet about that? Or would it be better just to wait till next November and let it fall off?

    Casper72
     
  4. Hermit5

    Hermit5 Well-Known Member

    Are you sure they bought the old debt?

    I recieved one of those offers several months ago for an old debt.

    If its past the SOL why renew it?
     

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