Don't screw with Capital One

15 comments

• Uprightcitizen

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  a year ago

  Ok serious question. Why in any universe do you do a credit check on a girl you see? Do you really expect good credit and regardless what would you use this information for? Maybe this is morbid curiosity or something?
• Uprightcitizen

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  a year ago

  How is this "standard due dillagemce" ?!?!
• Uprightcitizen

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  a year ago

  Ugg ... diligence
• rickdugan

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  a year ago

  Here in the Sunshine State we have something called the Sunshine Act, which makes almost every document touched by state and local governments and courts a matter of public record. All I need is a first and last name and I can search the local court system site in a matter of seconds. Usually I'm looking for theft and serious assault convictions, but the civil stuff comes up too, like protective orders, evictions and other civil suits.
• Mate27

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  a year ago

  Generally credit card organization will take 30-50% to settle an unclaimed debt, depending on the company. She has to have a high # to not hook her way out of this. I’d set up a reward system that incentivizes her to see you repeatedly, with service and compensation increasing after procurement for said services have been rendered.
• skibum609

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  a year ago

  Wow another article extolling the virtues of OTC.
• rickdugan

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  a year ago

  ^ Sure. Or I could just make her a fair yet (by local standards) reasonably generous offer and stay consistent. I think I like my idea better. 😉 I don't think she's even thinking of trying to "hook" her way out of her problem. This girl isn't on any of the local escort sites. She's also an open book with her personal social media accounts, including her employment history. All of this tells me that she's one of those girls who has convinced herself that she's not prostituting herself by going on a dinner date and being paid for the pleasure of her company, even if sex happens to be involved. Now with the number she wants it's conceivable that she could "date" her way out of trouble if she could stay busy several nights each week for the rest of the month, but tbh only a small % of the dudes on SA in this market would be willing to meet her ask. I'm sure she'd have ample takers in a much larger market, but around here what she wants is a little pricey - basically higher end stripper OTC money. Well I know one thing for sure: She's definitely going to be motivated. I am feeling quite confident that our meet n greet is going to roll into a full date. 😁
• twentyfive

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  a year ago

  Make sure you get a pre-nup and an ironclad NDA
• TheElmerFudd

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  a year ago

  I roll the way Rick does ie apply a modicum of brain power and time to this hobby of ours. These girls are often just overmatched. It’s like taking candy from babies sometimes.
• wld4tatas

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  a year ago

  Florida Sunshine Law, not Sunshine Act which is a federal law covering physician payments. Good luck on the date. What numbers are we talking if you don't mind sharing?
• rickdugan

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  a year ago

  @wld4tatas: I stand corrected on the exact legal statute.
• rickdugan

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  a year ago

  @Elmer: I hear and appreciate your comments. I'll just add that I'm not trying to get over on anyone. I just want a sense of what I'm walking into. By the time I'm doing a court record and social media checks and screening against escort sites, I've already set a date. 20 minutes of due diligence isn't much of a commitment for a girl I intend to spend several hours and a lot of money with (her donation, dinner and drinks, hotel, etc.).
• drewcareypnw

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  a year ago

  @rick: so you exchange first/last names with the potential otc? How do you pitch that to her in this case and more generally? How and to what extent do you protect your anonymity? Thx
• rickdugan

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  a year ago

  ^ Drew it happens organically over time. I don't grill girls and certainly don't volunteer information beyond my first name. Some of these girls seem eager to share more about themselves once they get comfortable. Maybe they're seeking affirmation or approval, IDK. Sometimes alcohol plays a role. Others just tip their hands in bits and pieces over time. Sometimes I have enough to do some of my screening (like escort sites), but not all of it. Sometimes I can extrapolate with partial information, like a first name and an unusual day job, which uncovers more with quick Google and FB searches.
• whodey

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  a year ago

  Not sure why you're surprised that Cap1 would sue over a credit card debt that has reached a charge off point. The bank I work for will often sue on accounts as low as $1000-2000 depending on the state the debtor lives in. For most larger banks it doesn't cost much beyond the actual filing fees to sue over those debts. I know the bank I work for has an entire law firm that is owned by the same parent company as the banks. Since we already have well over 100 attorneys on salary it doesn't cost much to sue for a credit card debt, especially since most of the smaller cases end in summary judgement because the debtor can't afford an attorney to defend them. While most of the debtors can't pay the judgement when it is entered against them, we can easily obtain a wage garnishment against them at that point. Even if they are unemployed, or in the case of strippers working for cash tips, right now, that garnishment will stay in effect when they do start working down the road at some point. Some of the lower tier banks like Credit One, Synchrony, Comenity and Merrick Bank that primarily cater to those with lower credit scores won't sue as easily as the big banks. They tend to have a much smaller legal department and the 25% interest rates they charge mean that they have usually made their money back in interest and late fees before the account gets into default. Since they would have to retain outside council to handle a lawsuit they typically just sell the debts that are more than 6 or 8 months delinquent to a debt collection firm that buys it at anywhere from 10-40 cents on the dollar.