http://www.visioncredit.org/capital-one-charged-with-disguising-new-credit-offers/ Your Nonprofit Credit Counseling Organization Sat, 04 Feb 2012 20:07:52 +0000 hourly 1 http://wordpress.org/?v=3.1.2 http://www.visioncredit.org/capital-one-charged-with-disguising-new-credit-offers/comment-page-1/#comment-32667 College ‘Credit’ « nomorewarplease Fri, 24 Jun 2011 13:58:57 +0000 http://www.visioncredit.org/?p=1601#comment-32667 [...] The Internet explains: West Virginia Attorney General Darrell McGraw has filed suit against Capital One Bank for what he calls “unconscionable conduct in connection with their credit card lending and collection practices.” In particular, it seems that customers were extended offers of what they thought were new credit card accounts if they agreed to transfer old collection debt previously charged off by Capital One. The amount of new credit was reportedly only $1. [...] [...] The Internet explains: West Virginia Attorney General Darrell McGraw has filed suit against Capital One Bank for what he calls “unconscionable conduct in connection with their credit card lending and collection practices.” In particular, it seems that customers were extended offers of what they thought were new credit card accounts if they agreed to transfer old collection debt previously charged off by Capital One. The amount of new credit was reportedly only $1. [...]

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