•Chinese Drywall
•Credit Card Privacy Violations
•Dockers Free Flight Promotion
•IPhone MMS Lawsuit
•Kitec Fitting Failures
•Le Cordon Bleu Investigations
•Life Time Fitness
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•Telephone Cramming
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Credit Card Privacy Violations
Capital One Interest Rate Increase
Capital One may promise low and fixed rates, however the fine print on the contract provided to customers after they agree to the terms reveals rates are actually subject to change at anytime.   As a result, the annual percentage rate (APR) applied to card members’ accounts can increase dramatically – often by as much as 10 percentage points.
 Background:After a potential customer applies for a Capital One credit card, and if Capital One decides to accept the application, Capital One then mails the new customer their credit card and separately mails the customer a copy of the agreement.  However, in order for a customer to use the credit card, they must sign the back of the card which states: “By accepting, signing or using this card, you agree to Capital One’s present and future rules and regulations.”  At this point, customers may not have received a copy of the agreement explaining that rates are actually subject to change at anytime. 

Customers believe they are getting a credit card with fixed and low interest rates, only to find out later that Capital One raises their APR without a clear warning.  Many customers have come forward to dispute this deceptive and misleading bait-and-switch tactic.   In addition, Capital One often applies the inflated interest rate to the cardholder’s entire balance, regardless if that balance includes charges incurred before the rate increase.

What Can I Do?
 
If you or anyone you know has been the victim of these deceptive credit card practices by Capital One, it may be important to contact an attorney who can help you protect your potential legal claim. If you would like more information, please call us at 1.800.755.0098 for a free consultation or click here to fill out an online free case review. Zimmerman Reed is experienced in handling consumer protection cases and we welcome any questions you may have.  FREE CASE REVIEW FORM   If you would like more information, or would just like to talk with a lawyer experienced in this litigation, please fill out the form below or call 800.755.0098.

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