How To Settle Debt With Capital One

In the mid-1990s Capital One introduced the mass marketing of credit cards to the public. Since the 1990s, Capital one has grown and now offers other services such as traditional banking services, auto loans, and retail credit cards. Capital One is now known to be one of the largest consumer and business credit lenders in the United States. Millions of people use the financial services provided by Capital One on a daily basis. These services include credit cards and loans. Capital One is known for offering loans even to individuals with fair or poor credit scores. If you owe a debt to Capital One, you are one of many. Many people are struggling to keep up with their credit card payments. Luckily there are a few ways to reclaim your financial health and overcome your debt with Capital One.

Can I negotiate a payment plan with Capital One?

Falling behind on your payments to Capital One is not hard to do. If you have found yourself in this circumstance for an extended period of time, the company may be willing to negotiate a payment plan for you. You can attempt to reach an agreement allowing you to pay a set amount of money to the company over a specific period of time.There is a chance that Capital One will stop future interest charges on the debt that you owe, but they will close your account with them. A payment plan can last anywhere from a few months to a few years, depending on the amount you owe the company and your ability to make repayments. Contacting Capital One to set up a repayment plan can keep you out of legal trouble from a debt lawsuit, but it may harm your credit score.

Settle your Capital One debt before going to court

Ignoring the debt that you owe to Capital One is not an option that you should consider. If you fail to contact Capital One to make arrangements to pay off your debt, they will most likely file a lawsuit against you. If the case goes to court, a judge might award Capital One a default judgment against you. This type of judgment gives Capital One the right to pursue further collections activity, like garnishing your wages or freezing your bank account. You’ll want to avoid a default judgment at all costs. You can do so by settling with Capital One before your court date.

Enlist The Help Of A Professional

Debt settlement can lead to a significant reduction in the total amount you owe to creditors. Through negotiations, we may be able to settle your debt for a fraction of what you owe. CuraDebt has been helping individuals and small businesses for over 22 years nationwide. As of May 2023 CuraDebt received a score of 5 out of 5 on CustomerLobby for a total of 1179 customer views. CuraDebt is an Accredited Member of the American Fair Credit Council. Contact us for a free consultation. 1-877-504-0984.