West Virginia Attorney General has announced that they will sue Captial One and a debt collection agency for “unconscionable conduct in connection with their credit card lending and collection practices”.

What did Capital One do? Capital One tricked consumers into payment plans by sending them solicitations disguised as offers of new credit. The arrangement allowed Cap One to re-age the debt so that it did not fall under the statute of limitations.

Basically what the debtors did was reaffirmed their debt with Capital One by requesting for what they did thought was new credit and this allow the statute of limitation to get extended, giving Capital One the ability to go after these debtors, after the statute had run out.