Capital One CEO Fined $.6 Million for Not Following the Law

Today, the Federal Trade Commission announced that Richard Fairbank, CEO of Capital One Financial Corp., will pay a $637,950 civil penalty to settle charges that his acquisition of Capital One Financial stock violated the Hart-Scott-Rodino (HSR) Act. Fairbank’s recent multi-million dollar compensation package included over 100,000 Capital One Financial shares in 2018, which increased his … Read more

Will Capital One and Discover Work With Me to Settle My Debt?

Question: Dear Steve, I have 2 charged-off accounts, and I want to call and try to pay towards debt but can only afford about 100 per month. Will they work with me.. capital one and discover Will, the creditors work with me. Hope Answer: Dear Hope, The answer is not what you would expect. Here … Read more

Here’s How a Virtual Credit Card Can Protect Your Credit

Typing your credit card number when making an online purchase can be a nerve-wracking experience. What if a hacker is “watching” and is able to obtain your personal financial information? Luckily, a product called a “virtual credit card” has been developed to help out in these situations. Here’s how a virtual credit card can help protect … Read more

Capital One® Launches Business CreditWise℠ to Help Business Owners Access, Understand and Manage Business Credit

Capital One (NYSE: COF) is helping demystify business credit for today’s business owners with the launch of Business CreditWise, an easy-to-use tool providing unlimited, free access to a company’s credit profile. Business CreditWise is available to any U.S. business (not just Capital One customers) and can be accessed at any time without impacting business credit. … Read more

How Creditors Rate at Helping Consumers Settle Debt

Michael Bovee, over on his Debt Relief and Credit Guides site has published a very good guide for people about how the major creditors are at providing settlements for problem debt. It’s a really good list and it ranks Chase, Bank of America, Wells Fargo, Discover Card, Citibank, Capital One, and American Express. For example, … Read more

Debt Relief Bureau Logo But Not the Debt Relief Bureau in This Mailer

When if the Debt Relief Bureau, not the Debt Relief Bureau? When you get a flyer in the mail from an anonymous source promising you help to get out of debt. An amazing reader Tish sent in a new debt relief mailer through my I Buy Junk Mail program. Well here is another anonymous mailer … Read more

Can I Get Macy’s and Capital One to Please Charge Off My Credit Cards? – Brigitte

“Dear Steve, I live in California, I’m 55yrs old woman, my 3 daughters just finished college, last month I lost my job, I have 2 credit cards, one is Macy’s for $5,000 and the other Capital one for $5,000, do you think if I call them and let them know I’m unemployed they will charge … Read more

A Company Says They WIll Sue Me Over a Decade Old Capital One Debt. – Cheryl

“Dear Steve, I received a call on my cell from a blocked number this morning at 8:00 am that left a message giving a phone number and case number and stating it was from Legal Service, no company name, and something about issuing a summons. I called the number back and spoke to someone who … Read more

My Capital One Account is Higher Now Than When I Enrolled in the Debt Settlement Program. – Maureen

“Dear Steve, My question is this: I am enrolled in a debt consolidation program with care one. I have already settled 2 of the 3 accounts that are part of my plan. The last one to be settled is a capital one account. I talked to care one today regarding my account and they told … Read more