The company brings more of its cardholders to court than any other credit card company, even for as small an amount as $1,000, an amount which is about a third of what other issuers sue for. In one year the company brought more than 500,000 suits, although the company is only the fourth largest credit card company. It's fairly obvious why. It is the country’s largest subprime lender as their market is those with poor credit.
Capital One offers cards with a credit line often as low as a few hundred dollars to customers with poor credit. On the bank’s website, the cards carry annual interest rates as high as 25 percent.
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