Posts tagged as:

Capital One

The New Debtors’ Prison

October 21, 2009

Debtors’ prison was supposedly eliminated in the United States in the 19th century, but in the 21st, people are still being arrested and tossed into jail for debts. It just takes an extra step these days.
This morning, I sat in court and watched a debt collector get six bench warrants for debts under $1,000. I [...]

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Capital One jacking up interest rates

March 25, 2009
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Defaults in Minnesota in 2008 increase 39% over 2007

March 13, 2009

If the default numbers for Minnesota are any indication, debt collectors are falling all over themselves, suing everyone in sight. In 2007, a “mere” 36,000 defaults were filed. In 2008, that number jumped to just over 51,000.
Some were responsible for more of those lawsuits than others. Minnesota debt collection law firm Messerli & Kramer, for [...]

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Capital One charges 70% interest?

April 29, 2008

Boy I hope this is a typo. Click for the actual, redacted statement.

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