Sometime ago I open a Capital One Credit card, I was given a $1,000 limit that i was very mature with. I used it regurlary and always paid 80%-100% percent of the balance. I also got the payment protection. Well in December I lost my job, I sent the proper forms in immediately, and made the next payment. However, payment protection didnt start making payments untils almost three months later. So what Capital One did was remove the late fees and overlimit fees. BUT my interest rate had defaulted to 25.4% from a 6.9%. Capital One refuses to reset it, even though they know, the late payments weren't my fault? Also, how do i get them to take a late payment off of my otherwise unscarred credit report?
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