Capital One Should Reverse all Charges

The only fee you deserve to be reversed is the initial fee, since that
seems to have been a mistake. Everything else is your own fault. You
owe the fees, period.

Also, don't count on this being taken off of your credit report.

As far as the over limit fee goes, you are not entitled to have it
reversed. You knew what your limit was, and you went over it. As for
the non-payment, you are not entitled to withhold payment of monies
you owe in lieu of a fee you are protesting. Pay your balance minus
that fee if you must. At this point, you are responsible for the late
fees incurred as you are the one who has not paid.

Capital One is notorious for SUING to collect. If you have a 60 day
late report to the Credit Bureau, it will COST you major fico points
for at least two years. A 90 day late will cost you points for at
least three years.

Is this what you want? If your other creditors pull a soft inquiry on
you and see these current lates, they're going to begin decreasing
your credit lines, dropping your fico points again.

Capital One has probably issued you a default rate AND you're paying a
monthly late charge. This is a ridiculous move on your part.

And you ruining your own credit will prove what to them??

Pay the bill to save your credit and then hash it out with them.

I bet you could get a special, expensive dish at the local department
store's fine china department. You know, the one to hold the nose
you're going to cut off in order to spite your face.

Is there not a way to pay this without prejudice and be able to still
dispute these charges without ruining your credit rating more?
The longer you do not pay this the more its hurting your rating.

It took my son a long time to get from under Capital One. In fact it
took a couple of years.
So do not look for this to just go away - not paying this means you
are accruing more and more charges that will eventually be above and
beyond the original discrepancy.

I would never do business with anything related to Capital One. The
people on the credit card side never follow through on what they say
they will do. I had an incident that took over two years to clear up.

What's in my wallet. It will never be Capital One.

Isn't an annual fee typically $50 or so? If that pushed you over the
line of available credit, it sounds like you were living dangerously
close to begin with.

I wouldn't expect Capital One to respond, except through harrassing
phone calls and lawsuits.

If you cannot manage a credit card and refuse to pay the bill, then
you should get a debit card or stick to cash.

There are better ways to fight this than not paying your bill, which
is really going to do nothing but harm your credit.

I'm sure that buried in the Terms and Conditions is a reason they
applied the annual fee. Not paying the bill is not the way to handle
this and the only one who will suffer is you.

Good letter but....Is your account actually with a collections agency
now? If so believe me they do not care at this point. They will NOT
let go easily trust me, they will take you to court even if they know
it's their mistake, Good luck to you.

It sounds like something happened that triggered an annual fee. You
need to get to the bottom of that by speaking with Cap One customer
service. You don't say what explanation you were given the second
time you called.

You had better attend to this situation and not think that threats
such as "I'm not going to pay my bill." are going to do you any good
whatsoever. All that will do is help ruin your credit.

Whatever you do, look into a credit card that has no annual fee and
will always have no annual fee. I have never paid an annual fee in 20
years and several cards.

I have to agree with Rowdy on this one. By not paying your bill you're
only hurting yourself, not Capital One. It's very unfortunate that
they did not waive the fee after they told you that they would, but by
not paying your bill and stating that you're not going to pay your
bill it is doubtful if they actually do waive the fees now. But maybe
Capital One will surprise us all.

Sounds like its time to cancel the card. The borrower is slave to the
lender.



Good Day