I got a DV response from them today. I think it is a sufficient validation. They state in their letter that they don't have a paper contract because I applied by phone or internet, but they sent a copy of the customer agreement and they said that if I want them, they have a copy of my statements from 9/2001 to 1/2002 (the first 3 months of activity). I got a settlement letter from the CA for the account last week. I replied to them by sending a PFD letter for them to sign. I don't understand who has the debt? Cap1 says on there letter dated 5/16/05 that my balance is $1574.60. But it could be more do to interest and other charges. My letter from the CA dated 4/28/05 says I owe $1558.89 and that they will settle for less than half. 2 Question; 1) How is the debt amount increasing and I have never paid on this account? I spoke to the CA about 2 months ago and he stated I never paid a payment on this account. My credit limit was only $500. So if he's correct which I think he is, my DOLA is 9/2001. 2) Who do I contact concerning my account? Both the CA and Cap 1 are on my CR. I haven't got a response from my PFD letter. My green card says it was received 5/09/05.
Crap One has a reputation for illegally charging fees/interest after charge-off without proper billing of such. Only until a consumer calls them on it do they correct the amount. They also lien towards not deleting/changing TL in exchange for payment, however, rumor has it that it is easier to get it removed once paid. Welcome back BTW
Thanks for the welcome. I haven't received a bill from them in years. The only reason I've started getting letters from them now is because I called them trying to get a settlement a few months ago. So from what you're saying I should request them to send me a copy of my statement? I'll do that. And what did you hear about them removing things easier after it is paid? May be after they send me valid proof of the charges. There's no way I'm paying a bill that is 3X the credit limit.
