First Premier Bank ripoff, Dishonest business practices, A MUST READ, the business that doesnt give a dam Sioux Falls, South Dakota
I got this card, and completely understood the high fees associated with this "deal" to help rebuild my credit. Got my card back in December of 2002, ALWAYS made my payments on time, ALWAYS more than the minimum payment, etc.
On the 5 month I paid my bill via the internet (internet assures me of a receipt of an on-time payment), it took a week to get it posted to my account so I called to make sure everything on my account was current, and the nice CS rep siad I should be able to get a credit line ncrease. I agreed and they said they would process it for me. This is were the problem started.
I got a letter in the mail denying a credit increase, which I can understand due to only having the card 5 months. Here are the reasons (#1)THE NUMBER OF MONTHS SINCE YOUR ACCOUNT WAS OPENED. (I completely understand that), it's the next 2 reasons that bother me. (#2) THE NUMBER OF TIMES YOU ACCOUNT HAS BEEN OVERLIMIT IN THE LAST TWO YEARS PLUS YEAR-TO-DATE and (#3) THE LENGTH OR SEVERITY OF DELINQUENCY IN THE PAST MONTHS.
I called them personally and asked to speak to manager or supervisor, and she told me to send the original back to them so they could examine the letter. The really seemed to want the letter back. I told them I think I will hold onto it for awhile and see what happens.
It just makes me so mad that this company treats me like this, I ALWAYS pay on time, they have NEVER had to "hunt" me down for a payment, and then I get a letter like this.
If anyone has a suggestion I would appreciate it greatly. I was even considering calling a lawyer to see if I has any recourse and if this constitutes slander or breaks the law.
Steve
Cincinnati, Ohio
U.S.A.
2 Updates & Rebuttals
Mike
Radford,Virginia,
U.S.A.
Consider yourself lucky.
#3Consumer Suggestion
Sat, June 07, 2003
Realize that they will charge you for increasing the credit limit. It's the only card agreement I've seen that does that. And there is nothing in the agreement that says the increase will be more than the fee. You could end up with less available credit after the increase than before. If you were in their good graces, they have also been reported to open additional accounts - with their own set of fees - without authorzation, instead of having one card with a higher limit.
It just isn't worth paying this much to have a credit card. Pay off the card as soon as you can, then start applying for better cards. A card with a zero balance will look really good on your credit report. Once you have a better card, dump First Premier. If they will let you.
Joe
FPO AE,Maine,
U.S.A.
Keep the original letter, it is your evidence against them!
#3Consumer Comment
Fri, June 06, 2003
If they want the letter so bad send them a COPY of it. Write to the ATG, FTC, BBB. Procede and call some lawyers to hold them accountable.