Capital One Zero Percent Settlement
- Provides information in regards to Margaret Murr and David Reign v. Capital One Bank
- The case is in the jurisdiction of the U.S. District Court for the Eastern District of Virginia
- Consumers can file a claim with the 8-digit Notice ID number and all claims must be filed by 7/1/15
- Settlement amounts in the Capital One Zero Percent Class Action Lawsuit will be up to $5.50
- Some class members will not have to file a claim depending on what class they fall into
- Class members claim that Capital One violated the Truth in Lending Act PLUS the Credit Card Accountability Responsibility and Disclosure Act of 2009
- Class members with questions can email mail@CapitalOneZeroPercentSettlement.com
- Consumers who fall into category three will only receive a $2 settlement payment
The Capital One Zero Percent Class Action Settlement revolves around customers using a 0% Access Check or No Hassle Check on their Capital One credit card. Class members may receive a cut of the settlement pie if they used this 0% access check between the dates of Aug. 1, 2008 and Jan. 2, 2015. Capital one denies are allegations of fraud but have agreed to settle in order to avoid a long, expensive trail by jury.
Capital One Zero Percent Categories (as defined by the Courts)
- Cat 1: Members who only used one (1) “0% Check on an account and were charged interest on their purchase balance because of the 0% Check” (auto $5.50 payment, no claim filing required)
- Cat 2: Members who used more than one (i.e. 2, 3, 4 , 5 etc) “0% Check on an account at least three months apart and were charged interest on their purchase balance because of the 0% Check” (MUST submit a claim in order to receive a settlement payment)
- Cat 3: used one or more 0% Checks but were not charged interest on their purchase will have to submit a claim in order to receive a measly $2 settlement
Any questions about the lawsuit by mail can be directed to Claims Administration Capital One 0% Check Settlementc/o Dahl Administration, P.O. Box 3614, Minneapolis, MN 55403-0614 or by phone by calling 855-853-4454.