Capital One Collections

[tooldtoquit]

Greetings all, new here if not in years

My question relates to a very low settlement offer I have just mailed registered to Cap one

Any knowledge of normal operating procedure for them? I notice on their website that a collections company Total Credit Recovery is their collections dept (just assuming that).

Would they turn my file over to TCR immediately do you think? or negotiate with me directly.

Any info appreciated

[Quasei2]

Usually the collections dept of an FI is the department that negotiates fixed payment or settlement terms. Not 100% sure with CapOne though.

 

I hope this works out for you! Keep us posted!

[tooldtoquit]

Thanks, will wait and see what heppens. Anyone have any idea what percentage they may settle for? I,m in my 70's receive about $1300 a month in pension payments and have no assets.

Been told just to file bankruptcy but thats not something that sits well with me.

however if they sue then I'll certainly consider it,or I may just let the judgement stand.

Whats the old saying can't get blood out of a stone.