Orchard Bank
Excessive charges, Fraudulent Advertising

I turned to the Orchard Bank credit card after my credit suffered due to 2 job losses. I was hoping to get my credit back on track.

The first incident was when I asked for a credit limit increase. They had no problem giving me a $100.00 increase then charged me $25.00 for it. Bottom line was I only received a $75.00 increase.

Then I was charged an overlimit fee when they assessed their $59.00 yearly charge and it put me over my limit. Then without any prior notice my percentage rate kept creeping up to over 30%.

The next incident was when I asked to have my account reviewed for a limit increase. (They advertise that they periodically review accounts for rate increases) I was told that due to my bad credit report they could not give me a credit line increase. My bad credit report is the reason I went with them to begin with and if they are going to use my credit report to determine an increase, I'll probably never get one.

Just as a note to everyoe else out there that has crossed paths with Orchard Band, I'd like to let you know that a lawyer has contacted me about filing a class action lawsuit against them and needless to say, I gave him the okay on my behalf.

Company: Orchard Bank
Country: USA
Site: orchardbank.com

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