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Booost

@151.190.40.x

3 recommendations

reply to TheWiseGuy

Re: Capital One's new privacy stew

said by TheWiseGuy:

Well if you read the article, Capital One says they only use it in the case of repossessing a large purchase, such as a snowmobile.

Except that credit card debt is unsecured debt, and the credit card company has no right to repossess any merchandise.

TheWiseGuy
Dog And Butterfly
Premium,MVM
join:2002-07-04
East Stroudsburg, PA
kudos:3
I did not say I approved or disapproved of the TOS or the actions.

All I did was point out to the poster who thought that it might be for something other then debt collection Capital One's reply.

You certainly can, if you want, believe they will be able to violate your rights more by adding it to the TOS. Personally I've never believed that a TOS allowed anyone to violate the law, and if they were going to violate the law, they could do it anyway.
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Warning, If you post nonsense and use misinformation and are here to argue based on those methods, you will be put on ignore.

GuruGuy

join:2002-12-16
Atlanta, GA
reply to Booost
said by Booost :

said by TheWiseGuy:

Well if you read the article, Capital One says they only use it in the case of repossessing a large purchase, such as a snowmobile.

Except that credit card debt is unsecured debt, and the credit card company has no right to repossess any merchandise.

Exactly. FDCPA applies regardless of their insane TOS. Federal law overrides.
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GuruGuy

TheWiseGuy
Dog And Butterfly
Premium,MVM
join:2002-07-04
East Stroudsburg, PA
kudos:3

1 edit
Just to give an example of how they might use this clause. I am not saying I support it.

If a purchaser bought a snowmobile and agreed to 10 payments by credit card and did not make the final 5 payments, the vendor, or Capital One as the vendors Agent, could go through the motions in the state to legally repossess the SnowMobile. Once they did have the legal right, if the vendor had an agreement for Capital One to act as its agent, Capital One or an agent of Capital One could legally repossess the SnowMobile.

Edit, you also might read for info on credit cards where even non installment purchases could be repossessed

»www.creditcards.com/credit-card-···1276.php

»classroom.synonym.com/can-televi···114.html

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Warning, If you post nonsense and use misinformation and are here to argue based on those methods, you will be put on ignore.