Capital One Digs Up Decade-Old Debts

The Los Angeles Times is reporting that numerous banks are now harassing consumers with credit card charge-offs that are “decades old” – in hopes that they won’t realize that the statue of limitations have passed. In one case involving Capital One, the bank claims it was only complying with a new Fed rule when it started sending bills, and then calling, a Hollywood couple for a $5,195, based on a $2000 credit card balance it wrote off 10 years ago.

Complete article via Los Angeles Times


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