Knock knock. Who’s there? Your Creditor.

A time marches on it seems American companies are becoming more bold about the clauses they insert into their contracts. Capital One has recently updates the contracts of its customers to include a clause that allows the company to send representatives to make house calls to its debtors:

Credit card issuer Capital One isn’t shy about getting into customers’ faces. The company recently sent a contract update to cardholders that makes clear it can drop by any time it pleases.

The update specifies that “we may contact you in any manner we choose” and that such contacts can include calls, emails, texts, faxes or a “personal visit.”

As if that weren’t creepy enough, Cap One says these visits can be “at your home and at your place of employment.”

The police need a court order to pull off something like that. But Cap One says it has the right to get up close and personal anytime, anywhere.


Incredibly, Cap One’s aggressiveness doesn’t stop with personal visits. The company’s contract update also includes this little road apple:

“We may modify or suppress caller ID and similar services and identify ourselves on these services in any manner we choose.”

While Capital One, according to the article, claims it doesn’t visit card holders or send debt collectors to visit customers I think the clause has more to do with the future. As the economy continues to crumble creditors are likely going to become more aggressive in collecting on outstanding debt. We will likely see creditors inserting more clauses in their contracts that enable them to take more aggressive actions against their debtors.

I’m sure many legal challenges will be made against these increasingly aggressive contractual clauses. In all likelihood courts will end up ruling in favor of the creditors in a vast majority of cases since the major creditors in this country are so closely tied to the state that the two are almost indistinguishable. That will make life ever harder for debtors.

This is why I’m glad that I don’t currently have any outstanding debt. I inherited my parents’ distaste for debt and will only incur it if no other options are available. In my fight for liberty this has helped me live freer and I firmly believe that one of the biggest steps an individual can make to increase their liberty is to pay off any incurred debt.