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Capital One Bank wants to know what’s in your pocket, and they’ve issued a summons to get it. There are a number of credit card companies who prefer the direct approach instead of farming out there uncollected balances to debt purchasers such as Midland. There are several things that you should do if you are in receipt of a summons from Capital One, but there is one big thing you should never ever do and that is to ignore the summons. When you receive a summons from Capital One Bank, this means that it’s the beginning of a legal process initiated by the bank to collect the debt that they believe you owe.
The process goes like this:
Capital One is having problems of its own, including a large class-action alleging that multiple violations of the Fair Credit Reporting Act. Naturally the bank denies wrongdoing and urges that the suit be dismissed. One thing is for sure, Capital One has attorneys working on their side and you should have an attorney looking out for your interests as well. Even a simple lawsuit for small balance can have a huge impact on your credit, and your financial health. You can defend yourself, or negotiate a payment plan with the bank that is realistic and payable.
If you received a summons from Capital One, you should call either our Fort Lauderdale or West Palm Beach office to schedule a free consultation. We are open seven days a week, and did I mention that consultation is free? Bring your paperwork, and let’s get started on getting you a good result.
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