I received my credit card at Direct Merchants Bank 4 years ago. My credit limit was $1,500 which I did use. To make a long story short, no matter how much money I give them per month, they always credit my account for the over limit fee and late fee.
This takes the bills to $125 each month. Even when I do pay for it, I never can get the bill down. I used to pay like $200 and $300 per month but I've stopped trying. I tell them now to just send the account to a collection agency. I can't pay anymore because I'm unemployed but also because of the principle of this whole mess. I've calculated that I've paid off this account but as of today this account is $2,100. I'm not going to pay anymore.
I'm determined unless you pay off the whole amount at one time, they will find some bogus fees to add to your account. Even if I paid off this account, I can bet the next month they would send me a bill for $125 stating that I still owe last month's late and over limit fees.
It's never going to end with them! I don't understand why the government doesn't come in and police these types of companies. They are making billions of dollars each year. These types of companies are ruining people's credit ratings. I will not be able to buy a home for at least 7 years because of this experiennce.
Donna
League City, Texas
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