Orchard Bank
Ripoff - OB sticks it to the people who pay on time Carol Stream
- 10-07-2006
- 14
After making all of my payments on time and more than the min. Amout due, I received a letter notifying me that my interest rate was going up, based on my and other customers credit report. I figured it would go up a little bit, but the almost doubled it (29.99%). What really is hard to believe is the fact that they figure they are trying to help people re establish their credit. What they actually doing is what amounts to a bait and switch. They lure you in with their 16% interest rate, then switching you up to a higher interest rate for no reason at all. BEWARE! I paln on paying these loan sharks off, reporting them to my local better business bureau, and calling my states attorney generals office. What they are doing should be criminal, and must be stopped!
Company: Orchard Bank
Country: USA
State: Nationwide
Site: orchardbank.com