A while ago I decided not to pay any credit cards to get caught up on Mortgage, Maintenence, secures loans,phone, coned, and living.
Some credit cards worked with me for lower payments for a year, but Cap one- no go.
My normal payment monthly with them was 120ish per month. Now they want 900.00 to keep current. Going on 5 months without paying them. Getting very nervous. Have never been so late with a payment
Research on the web has many horror stories of them just emtying out you account. (they know mine, I always paid online) or freezing bank accounts.
So, looked up the law (NY) and saw it takes a court order to do that legally, although people speak about fraudulent activity on Cap 1 part. (Saying they sent notice,when none was sent, etc)
Anyway, I thought, I guess, since they do not want to work with me they will send me a judgement(server?) to show in court, but my concern is that they will SAY they sent one and commence garnishment.. On the other hand if they HAVE to SERVE you or send registered mail,and freeze my account without having done so then they would have to prove that and if we went to court it would work in my favor.
I am going to change bank accounts, but my big concern is wage garnishment. I know some judges will see hardship and detirmine you work out a plan, which I am willing to do(they aren't), but my job is such that I get called when needed, and if it was too much trouble with a wage garnishment, they can call the next person "on call" down the list(i am an Independant Contractor with a steady place I work), thus avoiding the law that states you cannot fire someone for one wage garnish order.
Wondering if any of you have had experience with either Cap 1 and how agressive they are-- or-- working once it gets into court with a judge to work out a plan.
Any advise appreciated.