- Report: #244682
Report - Rebuttal - Arbitrate
Complaint Review: Capital One Auto Finance - Summit Acceptance
Capital One Auto Finance - Summit AcceptancePO Boxe 93016 Long Beach, California U.S.A.
Capital One Auto Finance - Summit Acceptance Ripoff Reported to Credit Bureaus as Bad Credit Write-off even though payments were made regularly ruining my ability to obtain credit Long Beach California
*UPDATE Employee: Repossession??
*Author of original report: Loan paid off, Now reported as a Repossession!
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Then in June 2005 I received a call from 'J' from Capital One demanding I pay loan in full or the account would be written off as bad debt. I had my attorney contact him to talk about the fact that none of my contractual paperwork with Capital One makes any reference to 'bad debt write-off when colateral is destroyed'. My attorney felt he had cleared the matter up and I continued making my regular payments. I attempted to obtain a small loan from my bank in the fall of 2005 to pay off the balance only to be turned down because Capital One had filed with the Credit Bureaus in May 2005 that this was written off as a Bad Debt! This well before the call I received from 'J'.
I filed a complaint with the Credit Bureaus, but they were given bold faced lies in response, so the bad mark remains. The loan has since been satisfied and still the bad mark remains!
After reading all the many complaints written and having experienced the harrassing calls when I was late (as many as 12 a day 7 days a week!), This company should be put out of business! It is unbelievable in this day and age that this kind of treatment is even permitted. I would be very willing to be a participant in a class action suit.
I haven't met or spoken with anyone personally who has anything good to say about Capital One and I Will go out of my way to tell every one to stay clear!
This report was posted on Ripoff Report on 04/18/2007 07:05 PM and is a permanent record located here: http://www.ripoffreport.com/r/Capital-One-Auto-Finance-Summit-Acceptance/Long-Beach-California-90809-3016/Capital-One-Auto-Finance-Summit-Acceptance-Ripoff-Reported-to-Credit-Bureaus-as-Bad-Cre-244682. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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