In Spring of 2000 I received a credit card from New Millennium Bank. There was a $59.00 annual fee which I promply paid to the company. The company claimed they had not received the money but had no problem cashing the check I had sent them.
They started mailing me late fees and a request for the $59.00. I called them and to no avail nothing was changed. I even contacted the Attorneys General for my state. This only reduced how much they charged me.
They illegally closed the account, which is illegal if such account is under dispute. It was a secured account so I had to send a deposit. If they really felt I did not send the money they could have simply deducted the $59.00 from the deposit. When I asked for my deposit and I officially closed the account, after they had already done so, they sent me a check minus some of the "late" charges. This showed they knew how to get the money all along. They would rather charge bogus late fees than take the money from the deposit.
Now, they are reporting that I was late on my payments and that they were the ones that closed the account. But I am sure they failed to report that they did so illegally and probably failed to state that the company had cashed the check all the while claiming not to have received it. If this matter persists, I will be obtaining legal counsel and plan to sue for defamation of character. The fact that they cashed my check while still disputing my payment may prove to be rather costly (for them). They cannot feign ignorance because of it.
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