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Capital One Suing Like Discover

Discussion in 'Credit Talk' started by tzank, Mar 16, 2003.

  1. Mar 16, 2003 #1
    tzank

    tzank Well-Known Member

    It looks like Capital One is suing defaulted card holders just like Discover Card is. My local court database indicates that Capital One is suing for amounts as low as $500 and obtaining garnishment orders to recover the balances. The Wisconsin Court Database is at http://wcca.wicourts.gov/
     
  3. Mar 16, 2003 #2
    bbauer

    bbauer Banned

    So how do you search for Cap one and all their judgments?
     
  4. Mar 16, 2003 #3
    Ruby

    Ruby Well-Known Member

    I just clicked the I agree tab and on the next screen I searched capital one and chose a county so the search would go quicker.
     
  5. Mar 16, 2003 #4
    bbauer

    bbauer Banned

    Personally I would not have to worry about it even if I did default.
     
  6. Mar 16, 2003 #5
    breeze

    breeze Well-Known Member

    Cap One has always done this, if they think they can get any money.
     
  7. Mar 16, 2003 #6
    bbauer

    bbauer Banned

    All they would get out of me is a hard row to hoe..
     
  8. Mar 16, 2003 #7
    tzank

    tzank Well-Known Member

    From looking at case filings at the Wisconsin Court site, it apppears that Capital One started to go sue happy in late 2001.
     
  9. Mar 16, 2003 #8
    Brad J

    Brad J Well-Known Member

    ....And with good reason. Cap. 1 did not have to unload nearly all of their sub-prime receivables like Providian did.

    ....So, they need to extract as much $$ as they can or log them as uncollectable E.g. Losses on the P/L portion of their quarterly report earnings to Wall St.
     

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