don’t feel sorry for them in the least...but i hope all the people defaulting relize that cap one will report the losses to the irs and the people in turn will have to report the writeoff amounts on taxes as income....
self induced losses.
they cut the limits and maxed the rates so people found no use in keeping the cards up to date.
For clarity. The Net charge-off rate is the percent of finance charges and other service charges that they decide they cannot collect, it is not a measure of principle balance payoffs.
Well, we know what’s in THEIR wallet.
Capital One are one of the biggest bastards in the credit card market. They pull borderline illegal tactics and screw over their customers as a normal way of doing business.
I love to see them get screwed like all the others they have screwed in the past.