I have a story similar to many of the others told about First Premier Bank. I recently received one of their credit cards, not understanding that nearly half of my credit limit was already gone before I used the card. That put me into a financial bind that I could do without, to put it mildly.
First Premier rebutts by saying that the consumer should read their paperwork. That's true. We should. However, a company that is ethically sound should not have to hide behind its legal language to justify its unethical practices, which include taking advantage of people who are trying to put their financial lives back together.
I guess anyone can get away with anything if they find the right legal words for it.
Ed
Stanton, California
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