Providian Financial ripoff Nationwide Worldwide
This company which is Providian had accounts transfered to Emerge master card which they owned jacked up the interest rate from almost 24% to 29.99% then chages the number of days on their billing cycle so that if you pay the minium monthly payment it all goes toward interest and in some cases does even cover the interest.
Why is the Federal Goverment isn't doing something about this company? When interest rate are droping all over and they just jack them up.
Noel
Hammond, Indiana
U.S.A.
1 Updates & Rebuttals
Anon
Miami,Florida,
U.S.A.
gov't is doing something about this
#2Consumer Suggestion
Fri, February 21, 2003
Hello--
I think the gov't is doing something about this company. I beleive they were cited for predatory lending and predatory tactics. Do a search under "predatory lending" "fair credit reporting act" "truth in lending" and you should come across the suit.
good luck, hope the info helps.