Bank Credit Card predators

Recent Forum Topics › Forums › The Public House › Bank Credit Card predators

Viewing 1 post (of 1 total)
  • Author
    Posts
  • October 27, 2016 at 11:24 am #56190
    bnw
    Blocked

    My wife went shopping with our daughter at Victoria Secrets a while back and had a purchase of $10 which was put on the store credit card she took out at that time. Why she applied for that card I don’t know but she quickly forgot about it. That is until the bill came which was for $35. That is the $10 purchase and a $25 late charge. By reading the agreement that is the late charge. Well my wife paid the $10 at the store then called the bank credit card line and told them she won’t pay the late charge because it was a deliberate predatory action especially against young adults. They tried to bargain the late charge down but she refused saying she will close the account. So after getting the late charge removed in full and receiving a confirmation email to that effect she closed out the account.

    I suppose what is most important is to know that they need your account far more than they need the late charge revenue though they will be pleased to get that too. Don’t fall for it. It is loan sharking in the worst way at 250% interest.

    The upside to being a Rams fan is heartbreak.

    Sprinkles are for winners.

  • Author
    Posts
Viewing 1 post (of 1 total)
  • You must be logged in to reply to this topic.

Comments are closed.