Capital One Ripped Me Off!

[Metasomatized Ijolite]

I got my September bill and noticed that they had raised the interest rates from 4.99% to 13.9% on purchases and from 19.9% to 24.9% on cash advances. I called them to find out what was going on and they informed me that they mailed out a letter changing the terms. They said that they weren't making enough money off of me at my old rates. Anyway, I never received the supposed letter that they sent. They're required to offer an option to "opt out" of the new terms but you must close the account. I told them that's what I wanted to do. Three people including one that was supposedly a manager told me basically "tough luck, we're not responsible for the post office". That's bullshit. How do I know that they even sent it? I have a $6,500 balance. Somehow they have down that $1,000 of it is in cash advances. I took out one cash advance for $300 two years ago. This is a huge change in the contract that is going to cost thousands of dollars more. They should be required to send the notification by registered mail. That's total bullshit to just say "Well, we mailed it, it's your fault". One of the bitches I talked to even accused me of throwing it in the trash! The irony is that if I were to send my payment by mail and it got lost they would slap a late fee and god knows what other penalties. If I called them to ask for the late fee to be waived they would tell me that it's my responsibility to make sure the payment is received on time. It's funny how they don't think it's their responsibility to make sure that I receive the notice of contract change.

 

[puddlemonkey]

they gotta find a way to pay for all those commercials they run

 

[bakemeacookie]

I got my September bill and noticed that they had raised the interest rates from 4.99% to 13.9% on purchases and from 19.9% to 24.9% on cash advances. I called them to find out what was going on and they informed me that they mailed out a letter changing the terms. They said that they weren't making enough money off of me at my old rates. Anyway, I never received the supposed letter that they sent. They're required to offer an option to "opt out" of the new terms but you must close the account. I told them that's what I wanted to do. Three people including one that was supposedly a manager told me basically "tough luck, we're not responsible for the post office". That's bullshit. How do I know that they even sent it? I have a $6,500 balance. Somehow they have down that $1,000 of it is in cash advances. I took out one cash advance for $300 two years ago. This is a huge change in the contract that is going to cost thousands of dollars more. They should be required to send the notification by registered mail. That's total bullshit to just say "Well, we mailed it, it's your fault". One of the bitches I talked to even accused me of throwing it in the trash! The irony is that if I were to send my payment by mail and it got lost they would slap a late fee and god knows what other penalties. If I called them to ask for the late fee to be waived they would tell me that it's my responsibility to make sure the payment is received on time. It's funny how they don't think it's their responsibility to make sure that I receive the notice of contract change.

Actually they don't even have to send you anything. When you signup for your card, in that pages and pages of fine print, they can pretty much do anything they want and they know the most you can do is bitch. They don't care.

Move that to another card or get a personal loan. I haven't had a CC since age 18.

c

 

[-SD-]

whats in your wallet

 

[Metasomatized Ijolite]

whats in your wallet

NOT A DAMN THING BECAUSE THOSE CAPITAL ONE BASTARDS STOLE ALL OF MY MONEY!

As for someone that said they are not required to notify you, that is not correct. They must give you 45 days notice.

 

[heavy_duty]

When they did it to me I stopped paying them all together. They sent me to collection that was almost 2 years ago. I fucked my credit but I said fuck them they aint getting their 20G's haha fuck them bastards.

 

[bakemeacookie]

NOT A DAMN THING BECAUSE THOSE CAPITAL ONE BASTARDS STOLE ALL OF MY MONEY!

As for someone that said they are not required to notify you, that
is not correct. They must give you 45 days notice.

Well I'll be damned that went into effect two weeks ago! When did this happen??

Should Credit Card Issuers Send a Notice Before Increasing Interest Rates - Interest Rate Increase Notice

Changes Effective August 20, 2009
Starting August 20, 2009, new credit card rules require credit card issuers (and lenders) to give 45-day advance notice before increasing your interest rate, even for penalty rate increases.

c

 

[Smurfy]

whats in your wallet

lol

 

[ceo]

pay your balance off every month and you don't have to worry about what the interest rate is.

 

[shirlene29]

pay your balance off every month and you don't have to worry about what the interest rate is.

+1
and if you need a credit card, get an amex

I luv the hell outta the amex

 

[Mr. dB]

If you have a cash advance from two years ago that still isn't paid off, you're doing this all wrong.

 

[Metasomatized Ijolite]

If you have a cash advance from two years ago that still isn't paid off, you're doing this all wrong.

My cash advance was $300. How did it grow to $1100 when I've been paying 2-3 times my minimum payment? I looked on my last 2 statements and I made $400 in payments but the cash advance balance only went down 6 cents. That's right, out of $400.00, only $0.06 went towards the cash advance balance. WTF!

 

[bakemeacookie]

My cash advance was $300. How did it grow to $1100 when I've been paying 2-3 times my minimum payment? I looked on my last 2 statements and I made $400 in payments but the cash advance balance only went down 6 cents. That's right, out of $400.00, only $0.06 went towards the cash advance balance. WTF!

I think that's cuz the interest on cash advances is higher - so your payments gets applied to the non-cash advances first. You would start affecting the cash advances once the purchase amounts are paid off.

c

 

[puddlemonkey]

pay your balance off every month and you don't have to worry about what the interest rate is.

+1


Damn losers not paying their bills bringing my economy down.

 

[puddlemonkey]

+1
and if you need a credit card, get an amex

I luv the hell outta the amex

-1


Fuck Amex!

 

[canadianhitman]

That's what happens when you use a credit card to live beyond your means, then make mickey-mouse payments that will take forever to really dent what you owe. Time to take a good hard look at your expenses, and cut one or more so you can put more substantial payments down on what you owe. If that means living with only basic cable, do it. Low-speed net instead of high-speed net, do it. You have to find real savings in your budget so you can pay down that high-interest debt.

 

[ceo]

That's what happens when you use a credit card to live beyond your means, then make mickey-mouse payments that will take forever to really dent what you owe. Time to take a good hard look at your expenses, and cut one or more so you can put more substantial payments down on what you owe. If that means living with only basic cable, do it. Low-speed net instead of high-speed net, do it. You have to find real savings in your budget so you can pay down that high-interest debt.

truth right there.

write down every single thing you spend money on every day over the next month. All your bills plus everything else. Every dime you spend. Take a look at that and you should be able to easily find stuff you can cut out or buy cheaper.

You can probably find another hundred or few hundred dollars a month you can put towards that high interest debt...if it truly bothers you that much. Pay that shit off.

 

[bakemeacookie]

That's what happens when you use a credit card to live beyond your means, then make mickey-mouse payments that will take forever to really dent what you owe. Time to take a good hard look at your expenses, and cut one or more so you can put more substantial payments down on what you owe. If that means living with only basic cable, do it. Low-speed net instead of high-speed net, do it. You have to find real savings in your budget so you can pay down that high-interest debt.

go live with a stripper and just call yourself a musician.

c

 

[chewyxrage]

I think that's cuz the interest on cash advances is higher - so your payments gets applied to the non-cash advances first. You would start affecting the cash advances once the purchase amounts are paid off.

c

that's exactly how they do it.

 

[HAYEZ]

creditors hate me...i owe them 23000... no way in hell there getting anything.. i have about 40 numbers stored in my phone NO ANSWER lol

 

[heavy_duty]

Its the biggest and best scam in North America.
Loan sharking in the form of a small piece of plastic.

Buy everything you need then just stop paying them. They call you every day for 3 years then give up

My cash advance was $300. How did it grow to $1100 when I've been paying 2-3 times my minimum payment? I looked on my last 2 statements and I made $400 in payments but the cash advance balance only went down 6 cents. That's right, out of $400.00, only $0.06 went towards the cash advance balance. WTF!

 

[nydj66]

Carrying $6,500 on a credit card was just a bad idea in the first place. If you can get a bank to loan you the amount, you will do much better on the interest rate but likely the problem is that you were living beyond your means as mentioned earlier (or possibly you had a one-time tragedy that got you into debt.)

Either way, it's time to get your finances in order. Go to the library and check out Dave Ramsey's "The Total Money Makeover". He gives the best financial and get-out-of-debt advice I've ever heard. If the library doesn't have it, request it through a inter-library loan. Here is Dave's web site:

Real Debt Help - Get out of debt with Dave Ramsey's Total Money Makeover Plan.

 

[nangiggles]

Capitol One is the WORSE bank ever, when you call them guess where you're calling....? Costa Rica, LOL and here they pay like $600 a month so they are REALLY saving money with the whole outsourcing, when you work in their callcenter you are required to leave ur purse and all ur belongings in a locker outside, you cant even have a pen or paper in your micro cubicle.... it's a very awful job.... working forn Capitol One or for GE (that's right, general electric) is the lowest you can fall here....

 

[AAP]

creditors hate me...i owe them 23000... no way in hell there getting anything.. i have about 40 numbers stored in my phone NO ANSWER lol

dude you basically stole 23000 from them?





anyway..... AMEX was voted best CC again this year by customers.

 

[billfred]

I like Capital One - I use the fuck out of their rewards points. Amex as well. I pay almost everything on credit card and pay off the whole balance every month and cash in points for hotel bills and airline flights.

They are a bill consolidator and a vacation provider for me.

 

[puddlemonkey]

anyway..... AMEX was voted best CC again this year by customers.

Of course it was e-tards! It gives the customer the advantage and rapes businesses. Their fees are DOUBLE everyone else to accept them as a form of payment, thus many places still wont accept it. And they'll never have to either, since all of you Amex users carry a backup Visa/MC on you. PWNED!!!

 

[miplank]

lol

 

[miplank]

credit cards are for suckers.

 

[bakemeacookie]

Pretend you're a banker and wait for your bailout and when they call just telll them "due to challenging economic conditiosn - i've decided to reorganize and make myself more competitive for the future. Thank you for your time".

c

 

[ceo]

Pretend you're a banker and wait for your bailout and when they call just telll them "due to challenging economic conditiosn - i've decided to reorganize and make myself more competitive for the future. Thank you for your time".

c

that would actually be pretty damn funny.

 

[AAP]

Of course it was e-tards! It gives the customer the advantage and rapes businesses.

If you have ever had a time when you got ripped off by a business that refused to correct their sorry ass problem/product or tried to triple you bill for shit you never ordered or signed up for, you would think AMEX was the greatest card in the universe.

I spit on anything that doesn't take AMEX.

 

[puddlemonkey]

If you have ever had a time when you got ripped off by a business that refused to correct their sorry ass problem/product or tried to triple you bill for shit you never ordered or signed up for, you would think AMEX was the greatest card in the universe.

I spit on anything that doesn't take AMEX.

What does getting ripped off by some business have to do with the card? I've had my identity stolen twice on-line, two different cards were used without my permission, one a MC and the other Visa. The only 'business' I had problems with was Microsoft, but that had nothing to do with the card companies. Both MC and Visa covered the fraudulent charges.

 

[heavy_duty]

FUCKIN A BROTHAFuck I love it---let me go give you some K hits....

creditors hate me...i owe them 23000... no way in hell there getting anything.. i have about 40 numbers stored in my phone NO ANSWER lol

 

[cindylou]

FUCKIN A BROTHAFuck I love it---let me go give you some K hits....

lol @ you guys. lol

 

[heavy_duty]

Just download black and white list for your blackberry the fuckers go straight to voice mail and their computers leave you an important msg. this goes on for a few months till that collection company gives up...then the CC company sells your account to another agency and they start all over. shit can go on for a few years though.

make sure you already bought all the shit you want/need.
I have a 2003 Chevy 4x4
2003 Chevy van and 2006 Maxima so I'm good to go for a minute I know I got to take care of these cars and keep them for hella long time

lol @ you guys. lol

 

[Metasomatized Ijolite]

I'm taking out a 401K loan and paying all that shit off. I've learned my lesson. I looked at my expenses and a lot of it was stupid things that I didn't need. About one third of it was medical expenses. I got rid of some things I don't need. For example I downgraded my Netflix from the $20.00 plan to their $6.00 plan. I wasn't renting enough to justify the unlimited $20 plan. I used to have my gym membership set up to come out of my credit card automatically every month along with Netflix. That was $70 right there. Then add the finance charges and it would take more than $100 of my payment before I even hit the principal balance. I was paying as much as I could which ranged some months from $150 all the way up to an occasional $500 payment.

OK, life lesson learned.

 

[HAYEZ]

Its the biggest and best scam in North America.
Loan sharking in the form of a small piece of plastic.

Buy everything you need then just stop paying them. They call you every day for 3 years then give up

thanks for the k bro!!!!!!!!!!!!!!!!!!!!!

 

[HAYEZ]

dude you basically stole 23000 from them?





anyway..... AMEX was voted best CC again this year by customers.

yes i did and i deserve it...i couldnt afford to support my lavish lifestyle so i borrowed!!! hahaah



that was a joke..my income is down about 40,000 this year and i cant afford to even eat a sandwich right now

 

[miplank]

That's why interest rates, healthcare, etc etc are so high. You gotta pay for the people that have self entitlement that think they shouldn't have to.

 

[puddlemonkey]

yes i did and i deserve it...i couldnt afford to support my lavish lifestyle so i borrowed!!! hahaah



that was a joke..

lol joke eh? your boat and benz say otherwise

http://www.elitefitness.com/forum/c...-note-how-much-what-656202-2.html#post8877115

http://www.elitefitness.com/forum/c...h-pain-ass-own-boat-596679-3.html#post8197750

426.06 on benz
would like to spend that money on hgh instead but boooo at me

i own a crusier and the upkeep is fucking rediculous...
dock fees 300 a month
gas 300 to fill it up if i go out...get about a amile a gallon for gas mileage
payment 300 a month
insurance 1000 a year
maint average about 5000 a year...im already in for 3000 so far this year and not even half way through.....just make sure you are ready to pay some money if you plan to enjoy it...then if you dont use it they brake even quicker....

 

[miplank]

lol

 

[HAYEZ]

lol joke eh? your boat and benz say otherwise

http://www.elitefitness.com/forum/c...-note-how-much-what-656202-2.html#post8877115

http://www.elitefitness.com/forum/c...h-pain-ass-own-boat-596679-3.html#post8197750

well fucker the boat is long gone...i sold that bitch fpr 15k and kept the money without paying off the loan... me +1 citi -1 , the benz im trying to sell now because my office is closing and im losing my job, and im losing my apt right now because i made 900 the whole month of august....envy bitch i know you want my life

this nigga gonna be rocking the shelltoes instead of a benz...lucky i live on a island and can walk everywhere!

 

[miplank]

How did you sell the boat that was financed? doesn't citi still have the title?

 

[HAYEZ]

How did you sell the boat that was financed? doesn't citi still have the title?

personal loan..there bad...hey you got 20.00 i can borrow?

 

[miplank]

personal loan..there bad...hey you got 20.00 i can borrow?

no, but puddlemonkey does

 

[miplank]

 

[HAYEZ]

this is probally the gayest picture ive ever saw...hahahahahahha

i can fit 120,000 in a gallon ziplock bag of all 100s

puddlemonbkey you suck...i was gonna bomb you but im also karma broke not kjust money broke...your saved this time!

 

[puddlemonkey]

my office is closing and im losing my job, and im losing my apt right now because i made 900 the whole month of august....envy bitch i know you want my life

Sorry to hear that, what industry were you in?

 

[puddlemonkey]

i can fit 120,000 in a gallon ziplock bag of all 100s

Gotta have em first bro.

 

[puddlemonkey]

this is probally the gayest picture ive ever saw...hahahahahahha

puddlemonbkey you suck...i was gonna bomb you but im also karma broke not kjust money broke...your saved this time!

I take my sorry back!

 

[miplank]

lololol

 

[ceo]

a boat. what a fucking waste of money.

I could go pay cash for a new benz right now...but my Honda Accord's still going strong.

I'm glad I don't need to try and impress people I don't even like.

 

[HAYEZ]

Lmfao puddlemonkey ya know I'm just fucking around.


CEO ya want come hang out. You can ride in the Benz and we can have strippers blow lines of coke off our dicks.

 

[HAYEZ]

I do love boats tho. They ar def a waste of money but a blast

 

[puddlemonkey]

Lmfao puddlemonkey ya know I'm just fucking around.

oh I know, but you're still going under the bus

 

[HAYEZ]

Lmfao. I'm ruined! I'll bounce back one day

 

[puddlemonkey]

Lmfao. I'm ruined! I'll bounce back one day

You better, fucking pussy. Just don't go all cw on us and make a bunch of SWV threads.

 

[miplank]

lolol

 

[HAYEZ]

You better, fucking pussy. Just don't go all cw on us and make a bunch of SWV threads.

hahahaaha ya im good to go...im selling the benz and taking a year or so to regroup and figure out the next step...gonna buy sportbike and use that in the mean time...no payments and no insurance to pay..here we just title it and ride.. just dont get run over

 

[cindylou]

a boat. what a fucking waste of money.

I could go pay cash for a new benz right now...but my Honda Accord's still going strong.

I'm glad I don't need to try and impress people I don't even like.

omg I've always wanted to own a boat. Not to impress people but as a toy. Why would a boat impress anyone?

 

[HAYEZ]

omg I've always wanted to own a boat. Not to impress people but as a toy. Why would a boat impress anyone?

Even a fat dude can have a boat full of topless chics in thongs eating eachother out. Boats rock! I'm so pathetic and unable to pull chics that I bought a Benz a boat And had a ocean front condo! Living the dream!!!!

 

[bran987]

Now instead of lookin' fly & rollin' phat,
My legs are sticking to the vinyl and my posse's gettin' laughed at.
F-R-E-E that spells free,
Credit report dot com baby

 

[Smurfy]

Even a fat dude can have a boat full of topless chics in thongs eating eachother out. Boats rock! I'm so pathetic and unable to pull chics that I bought a Benz a boat And had a ocean front condo! Living the dream!!!!

boats n hoes!

 

[heavy_duty]

Boats---I really want a Four Winns, dont even care which one as long as its brand new LOL

 

[chewyxrage]

Now instead of lookin' fly & rollin' phat,
My legs are sticking to the vinyl and my posse's gettin' laughed at.
F-R-E-E that spells free,
Credit report dot com baby

E F F E C T

A smooth operator operating correctly....

 

[HAYEZ]

Boats---I really want a Four Winns, dont even care which one as long as its brand new LOL

i would take a sea ray or vikign anyday...love them boats...given my credit i may have to hijack it..but ill still get to ride

 

[cindylou]

Even a fat dude can have a boat full of topless chics in thongs eating eachother out. Boats rock! I'm so pathetic and unable to pull chics that I bought a Benz a boat And had a ocean front condo! Living the dream!!!!

god that would be the dream. I dont care about a Benz though

 

[heavy_duty]

just get a friend to finance for you.

i would take a sea ray or vikign anyday...love them boats...given my credit i may have to hijack it..but ill still get to ride

 

[chewyxrage]

just get a friend to finance for you.

jesus dude. You're shit. No respect for youself.

 

[puddlemonkey]

jesus dude. You're shit. No respect for youself.

racist!

 

[heavy_duty]

jesus dude. You're shit. No respect for youself.

WTF? if you have bad credit but lots of cash just get somebody else to finance and pay them.
my friend got his house that way.
some people DO go from bad times to great times you know.
but the bad credit can hang around a long time, so thats where friends come in.

I do it for people all the time in my business. they have shit credit but got money now so I front them equipment.

 

[nydj66]

god that would be the dream. I dont care about a Benz though

A boat full of topless chicks in thongs eatin each other out is your dream?