Complaint Review: Direct Merchants Bank

This company is presently involved in a class action suit because of its business actions. It charged customers late fees that were unwarranted,over the limit fees to go along with the late fees,and then jacked up the interest rates to almost 30%. They also charged customers for credit card protection plans without asking them. Mine was about $70.00 a month as long as I had a balance on the card. The real slap in the face is the settlement they reached with the court. If you still have a card,you're screwed because they have the right to keep doing it to you. If you are no longer a card holder as myself,my options are to apply for another card with 9.9% interest for a year. Or they will donate $8.00 to a charity of my choice. First of all I wouldn't accept another card from them if the interest was free,and after the hundreds of dollars I paid them, a lousy $8.00 is what they want to offer. These guys must have gone to the same shcool as Carleton Sheets.

Ron
deatsville, Alabama