My credit was already not doing well after i go ill back
In 1998.
I was offered a secured credit card from direct
Merchants bank. You needed to put $50.00 dollars in a
Saving account plus a one time fee of $29.99 or rush
Delivery of $49.99.
I thouhgt this might be a way to rebuild my credit and
Get back on track. The card had a $300.00 line of credit
Which was fine.
Well i made a couple of small purchases and paid on time.
On the third payment due they started calling me saying
That my payments were coming late. I know that i was
Sending them money orders there is no hold put on money
Orders.
So needless to say my bill skyrocketed they kept
Charging my account late&overlimit fees of
$29.00 $29.00 what i owe finance charges appox=70.00
Per billing interest=$84.00 per billing.
I called several times they wrer rude said there was no
Mistakes and continued to charge me and call and harass
Me day and night and on the weekend some times as late
As 10:00pm.
So finally i called and said that i would not pay unless
They took off the charges. So what did they do they took
The saving account without ever telling me and turned
Over the account to collection. And now called saying
That my account balance was $1024.00 i called again and
Told how can that be when i have not used the card in 6-
8 months. I dont know was their response and laughed. So
Now i have bad credit all over again.
My feelings are that there should not be any overlimit
Fees to begin with because you have a credit limit and
Should not be alloud to exceed bank do this as away to
Generate hugh amounts of cash in thier pockets.
They should put a freeze on the card before it reaches
Its limit with the finance charges on whats on your
Balances.
Late fees i can see if you dont pay on time.
Join me in a fight to abolish these fees lets send all
These complaints to the govners in your stats and remind
Them we vote.
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