Well, where to start? 5-6 Years ago I applied for a Capital one card. I was approved and was given a $500 credit limit. I paid the statement on time each and every month. After a year had gone by of having the $500 card, I called in and asked for a credit line increase. I was denied and told that the reason for the denial would be mailed to me. About 10 days later it arrived. The reason? Well here's the reason that they stated to me. In fact, I received 2, Yes, 2 separately mailed denial letters. And they BOTH stated the same thing. They both stated that the reason for my denial was: "We are unable to verify your billing address".
Okay, What!? Unable to verify my billing address but yet they mailed me 2 letters and mailed them to my billing address? What kind of excuse is THAT? Well, I just blew it off. Thinking, Okay, maybe I just need more time to show them my credit worthiness, fine. I'll wait for my time to come. The following year came, year 2 denied, year 3 denied, year 4 denied. Then finally in Nov-Dec of 2012 (Year 5) I again called in but well prepared this time. This time I had a copy of my credit report AND my FICO score in hand. My credit report doesn't have a single blemish (Yes, From all 3 credit agencies) and my FICO score was 686.
Again I was denied a credit line increase!!! The reason? "Capital One is currently not accepting customer initiated credit line increase request at this time." Well then why not state that to me on the phone when I had called in to ask for an increase? Why play make believe on the phone and pretend like you're reviewing my account for an increase? Now, this time I told the Capital One representative that I was getting sick and tired of getting BS reasons, and that If I don't have an increase by March 2013 that I was going to close my account at that time.
Now, just to let you know my account balance had been paid in full since October of 2012. So I would give them 6 months to give me an increase, or I was done. I then hang up with Capital One. I now turn to my other credit cards and begin to call them and ask for an increase on those cards. Discover Card = I had only had my Discover card for about a year. They started me at a credit line of $1,000. So I call them and ask for a credit line increase, they gave me a $4,000 credit line increase.
Best Buy Mastercard (Now owned by Capital One), I had them for about a year and a half started me off at $600, 7 months later raised it to $1,000. Now when I called in and asked, they raise it $900.00. Citi Bank Diamond Preferred Credit card + I apply for the first time and they give me a $3,000 line of credit. But the Capital One card that I have had now for 5 years won't raise my credit line one single cent??
So now March 2013 is here. No increase!! So I then state, “Since you won't increase my limit, what's my interest rate?” The guy says, "It's 22%." I say, “Well then let's get that lowered at least." He says, "I'm sorry sir, I'm unable to do that for you." “You know what? Just close the account then.” And he did so without even a whimper of trying to keep me as a customer. So I close the account, then immediately file a complaint against Capital One with the BBB.
3 Days go by, and a lady from Capital One Corporate Offices calls me regarding my complaint to the BBB. I pretty much tell her exactly what I'm telling you here. About my 5 years of denial, yet other companies either giving me substantial credit increases or other credit card companies STARTING ME OFF at $3,000, and yet nothing from Capital One. She asks me how much credit I have on my other CC's. I tell her $5,000 on Discover, $2,500 on my Discover (Walmart), $3,000 with CitiBank, $7,000 Wells Fargo CC, and $2,000 with my Best Buy Mastercard.
She asks me then, "Sir, if we were able to get you a credit line in the ballpark range of your other credit cards, would you consider or be willing to re-open your Capital One card that you closed with us?" I said, “Absolutely!” She then states that she will "talk it over with her colleagues" and see what they can do. This was on Wednesday March 27th. So I'm waiting to see now if Capital One will finally step up to the plate and finally treat me like a "Valued Customer" rather than just saying those words.
Now, right before I wrote this, I logged into my Capital One CLOSED account to see if anything had been changed. Well, to my surprise my account was reopened on Friday March 29th. By whom, I have no idea. I assume the lady at corporate that I had talked to. But the credit line still states $500, we shall see what happens the next few days. I don't mind waiting my turn, but darnit 5 years? To the poor guy that stated he was a member for 10 years, WOW!!
I don't want to hear the words "Conservative" ever again from Capital One. "Conservative" could have been giving me a nickel or dime credit increase, NOW THAT'S CONSERVATIVE! But not giving a penny in 5 years?? To a so called "Valued Customer"? That's what they tell me each year, that I'm a "Valued Customer", LOL. So that's how you treat all of us "Valued Customers"?
I'll try to be as brief as possible. Back in Feb 2007 I suffered a severe head injury and became disabled. My son, upon returning home to help care for me, called Capital One and asked if I had Credit Disability Insurance on my loan account. He was told no. In May of 2008, when I moved into a smaller home, since I could no longer take care of my home due to my permanent disabilities, I found my original papers and I did in fact have the credit disability insurance on my auto loan account.
I immediately filed a claim with the insurance company. The insurance company went all the way back to my initial date of disability of Feb 2007 based on my hospital and doctor records. Since I had already made all the payments (by depleting my retirement funds as I waited for SSI to come through - but that's another story), my account was brought forward with approximately 12 months of payments IN ADVANCE. So my next payment due date was 1 year ahead. Since then the insurance company makes my regularly scheduled payment so my account should always be paid 1 year in advance. Right?
Now here's the kicker. A year ago, Capital One changed their policy on how far in advance you can pay your accounts and they set their limit at 3 months. My payment due date was changed to being… get this... 1 month past due. (In all fairness, my doctor did not get the form sent in on time, but 3 payments were made the following month.) My account NEVER gets advanced more than one month at a time, if even that. They just received a payment for 3 months and my due date only advanced by one month.
When I download my account activity, there are NO payments since Nov 2009, yet they tell me my account is correct and accurate. According to my statements, which I pretty much ignore, but do keep, because the payments are being made by the insurance company, my account balance in fact INCREASES each month. HUH?
Last month it increased by $97.38 and they received a $1,000.00 payment or 3 months. I had one customer service representative in INDIA tell me that the $1,000 check they received was for warranty cancellation. I told him that was not true, and I knew that because I just had warranty work done the previous day. My vehicle only has 20,000 miles to this date. I requested a print out of all payments, but it was never sent. I request one every month and never get one. I now sit on hold for an hour at a time and then get disconnected.
If I call from my home phone, it is immediately disconnected, but I can call from my cell phone or another phone since they don't have those numbers. I just spent the better half of 5 hours trying to get through to Capital One and I still have yet to speak to a QUALIFIED representative without being disconnected after sitting on hold for an hour. My account balance is getting down there, $2,000 and by my calculations and the insurance company, there is at least a $1,200 difference. Capital One tells me I have 8 months of payments remaining and they have $1300 in payments they have not posted yet.
That's just not possible since the account was double paid for 1 year. If the insurance payments were not applied as payments and advance my due date, then they should have been applied to principal, so why then is my loan term still unchanged? I am so frustrated and I don't know where to turn next. The insurance company wants the account figured out so they don't overpay and I don't blame them. I have handled all of my obligations by seeing my doctor every month so she can sign the papers, etc., sending in my SSI determination, now that I have it and I can't get a decent response to save my soul. I don't need all this frustration. This company is awful to deal with.
SACREMENTO, NEW YORK -- This bank sucks. I am unhappy with the car that was financed through them. Went to dealership where car was purchased, they tried to get me a new car I'd be happy with. This bank will not roll over the loan to a different car. I asked for deferments they said no. Very disrespectful and rude. Hang up on you.
My car was paid off on August 26, they STILL took my payment on August 30!! I was on autopay and unfortunately I just assumed once it was paid off, they wouldn't take anymore money. I mean technically, they don't get any more money... It's PAID OFF! Nope, whatever their process is, they just continue to take! Then tell me my refund will be processed by Oct 02! What a joke! It's amazing how these loan companies can mess with people's livelihoods and get away with it, nothing happens. They took money that wasn't theirs to take and they get over a month to return it. That burns me! STEER CLEAR OF CAPITAL ONE!
TEXAS -- I purchased a vehicle in August 2006 financed by Capital One. In February 2007, I was involved in a fatal accident and totaled the vehicle. I received a letter from Capital One stating I had to pay the remaining balance in full. I called the customer service right away to discuss this matter, and asked to make my payments on monthly basis. The representative refused to do so and told me to borrow money from a friend. Anyway, I was afraid that Capital One would mess up my credit, so I took money out of my credit card and paid the remaining balance off.
I recently did a credit check and found out that Capital One misreported everything. The only negative account on my credit is CAPITAL ONE. I have never been late. They reported the first delinquency in Jan. 2007. Major DELINQUENCY in Feb. 2007. The insurance company paid almost 15 grand and I paid the remaining balance without being late. Yet, Capital One reported that I still owe them 726 dollars & the account was charged off. How the hell in the world would I get the title if I still owed them money? I still have the pay-off letters from them.
I called the customer service just to go through bunch of hassles. They finally sent me a letter stating that nothing was wrong with my credit report, and that their record matches with the report they sent to the credit agencies. THIS IS B.S... They basically ruined my credit... BEWARE OF THIS BANK. I would NEVER EVER do any business with this bank even if it was the last bank in the entire world...
CITY OF INDUSTRY, CALIFORNIA -- Refinanced auto loan with Capital One in summer 2009. Big mistake - has been nothing but hassle. Today was finale straw - paid off loan and will never use the auto finance again. Just like any other auto finance company require insurance with their name on it. Sent them check and invoice showing where I had paid for service. They endorsed check and sent to body shop. Body shop says they never got it. Capital One no help at all made not offers to correct situation.
Never use them again and paid off loan same day. Not what I wanted to do but better than having to continue to deal with their totally unhelpful overseas customer service group. Still working on getting my money back.
IDA, MICHIGAN -- I paid off my auto loan on 3-23-2009 by direct electronic transfer from my checking account and as of 4-11-2009 had yet to receive the payoff letter. The automated system told me that it was not mailed until 4-8-2009. I tried earlier in the week to speak with someone at Capital One about how to get something faxed or expedited in order to have a clear title so that I could sell my car to someone coming from out of state on 4-10-2009 to buy it.
The gentleman at the call center in India had no clue about the importance of a payoff notice to transfer a title at a U.S.A. state motor vehicle office. He kept repeating "You will receive your notice in thirty days." He refused to give me any other numbers to call. I was polite for the whole exchange as was he, but I might as well not called. Poor service even by offshore call center standards. Other financial institutions that I have had car loans within the past, (Harris Bank, Ford Credit) have sent me the payoff notice within less than 10 days and had domestic call centers with knowledgeable representatives.
Even though they have no problem deducting payment monthly, they refuse to accept a loan payoff this way. The customer service "supervisor" was not only totally rude but even hung up on me! By the way, the only real way to send them an email is to enroll in their online banking site then go to the self help center to send a "secured" email.
PENNSYLVANIA -- I received a pre-approval in the mail from Capital One Auto Finance for the amount of $30,000.00 dollars. However, I have not used it because of the fact, I had no use for it at the time. I would like to know if there is an expiration date on the pre-approval letters and if they can be used at later date, or any time that is applicable for the consumer.
VISTA, CALIFORNIA -- In April 2005, I refinanced my car with Capital One Auto. My tags were to expire soon after they made the loan. When I went to register my car, the California DMV accepted my registration monies, but could not give me the tags because my paperwork was incomplete. Capital One had not handled the title transfer yet. I was given a temporary tag that was good for 60 days. The DMV said that would give Capital One plenty of time to complete the process. When the temporary tags were close to expiration, I contacted Capital One title department. They stated they had sent the paperwork to the DMV, so I got another temp tag for 60 days.
At this point, Capital One was blaming the DMV for losing my paper. The DMV has been extremely helpful through this whole ordeal, while Capital One has bounced me to several different people, all who passed me on to someone else. I have been told 3 different dates that the paper work went to the DMV, and yet, the DMV never received them. The only way I was able to talk to anyone was to be late with my payment. When the collection department would call, I would again explain the frustration.
By the 1st of November 2005, I was not able to drive my car for lack of required tags. One collection "supervisor" gave me a number to **, who I was told was in charge of operations in Florida. I called her number over 15 times between November 1st and mid December, each message explaining the circumstances, but never received a call back. During a collection call in late December, I made the past due payment and informed the caller that I would not be making any more payments until I received my tags and could once again drive my car.
Needless to say, it is now April 4, 2006, one year later, and I have received no paperwork, no tags and no phone calls from ** (800-946-0332 ext **). They came and repossesed my car March 27, 2006 because I failed to make promised payments. I know that they will now sale the car at auction, and then sue me for the balance. I want to fight this but need help. If there is anyone out there in a similar circumstance, please contact me. If there is any attorneys that feel I have a case, please contact me if you can help. I do not want them to get away with what they have done here.