ive been their costumer for three yrs. i started at 21% interest bec. i didn't have any credit history. but after a year or so, they raised my interest 24% and my credit score is always high and never had a missed/late payment.is there any other problem that i don't see why they made my interest higher.
2007-03-19 14:44:11 · 4 answers · asked by cali 2 in Business & Finance ➔ Credit
oh its more then that....
CAPITAL ONE
http://articles.moneycentral.msn.com/Banking/YourCreditRating/WeirdStuffThatHurtsYourCredit.aspx?GT1=8885
Capital One refuses to report its customers' credit limits to the three major credit bureaus. Instead, the bureaus use the highest balance a customer has charged as a proxy for the limit.
As a result, the customers' all-important "debt utilization ratios" -- the portion of their available credit these borrowers are actually using -- can appear artificially high. That can depress borrowers' credit scores, the three-digit numbers lenders use to help determine creditworthiness.
Lower credit scores can mean higher interest rates on mortgages, car loans and other borrowing, as well as potentially higher insurance premiums, since many insurers also use credit-scoring systems to help gauge risk.
2007-03-20 04:25:49 · answer #1 · answered by Yvette B yvetteb 6 · 0⤊ 0⤋
Go with another credit card company.
If you have a high credit score, any other credit card company would be happy to have you and you can probably switch with zero interest of 6 or 12 months.
also go to the website below to find 100's of people who hate capital one.
If you go there and register your complaint, you might be able to find an attorney who is interested in a class action lawsuit against thme...if they do decide to do that, on the website below, they will know exactly how to find you!
2007-03-19 22:38:26 · answer #2 · answered by kissmymiddlefinger 5 · 1⤊ 0⤋
I have had problems with them..I pay every thing on time even early they have raised mine as well and have frozen amounts on my card saying that I paid the whole amount too soon so they are going to put a hold on the card for a week for losses in interest they literaly told me that
2007-03-19 21:49:40 · answer #3 · answered by KarmicFacilitator2000 3 · 3⤊ 0⤋
it has weird commercials
2007-03-19 21:52:07 · answer #4 · answered by xoooooooo 5 · 0⤊ 1⤋