"In August, card issuers delinquency and charge-off rates continued to slowly increase. Wall Street analysts have warned that the first signs of danger are likely to come from Bread Financial (NYSE:BFH) (formerly Alliance Data Systems) and Capital One Financial (NYSE:COF), both of which have a large exposure to low credit score consumers."
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I did. They sued me after I had a major career change (I owed them money, so that's fair) and I hired a lawyer that settled for less. I was accepted again for CapOne cards and a car loan even after that. They are top-notch and offer second chances. I appreciate them and my credit score continues to rise because they took a chance and since they trusted me I make sure they get paid first. I guess every situation is different.
It couldn't happen to a worser bank. But C1 is known for risky credit card loans and suing those that default. Never get a credit card from them.