I have been a customer with Direct Merchants Bank for approximately 8 years. I had my percentage rate at 5.7%. With a percentage rate that low I transferred the balances of my other credit cards to your card and cancelled my other cards. What a mistake!!! They did a credit review on my account, ...
My monthly payments are sent automatically (and electronically) from my bank. I set up the payment dates a year in advance. Now, after several months of consistent due dates, they changed the due date and I didn't notice it. The payment arrived two days late, but before the statement cycled, and I ...
My problem started when I received a notice in my monthly bill that indicated that my interest rate would be increased based on my credit report. It also indicated that I could sign the enclosed notice that I decline the increase and cancel my card. I did just that. It was a few months later that ...
I had the resources to get myself away from this rip-off company but my experience was so awful, I feel compelled to spread the word. If the endless class action suits against this company and the complaints of other clients aren't enough to sway you, I hope I can. I am a seasoned credit card vet, ...
I just wanted to tell anyone who may be considering a credit card account with Direct Merchants Bank, to be AWARE. They are fraudulent and dishonest. I got a credit account with them in 2001. My credit limit was $1500.00. I now have a balance of $3000.00 and rising and the account has been closed ...
I was reading the reports on Direct Merchant's Bank, and I realized they have done exactly the same thing to me. I signed up for debt consolidation in July. They wouldn't work with the consolidation company at all at first. I had to threaten them with bankruptcy before they would cooperate, then ...