Complaint Review: First Premier Bank - Sioux Falls South Dakota

I am sorry for what you are going through. I am in the banking industry (not with First Premier) and thought I may be able to offer you some suggestions. First of all, if AMEX lowered your roomate's credit limit and advised him that this was as a direct result of information obtained from his credit report, this entitles him to a free copy of his credit report from all three credit reporting bureau's within 60 days of having received the adverse action notice from AMEX. The reason that you should request your credit report from all three credit reporting bureau's is that the information reported on you does vary substantially from bureau to bureau. You may want to pay special attention to how many open revolving lines (ie: credit cards/store credit) of credit you have regardless of whether or not you are carrying a balance on those lines of credit. Another potential "red flag" that could have caused AMEX to lower your credit limit is if you have recently (in the past 6 months) applied for one or more credit cards or loans. If you see anything on your credit report that is inaccurate, dispute it immediately. I am a little perplexed as to why you are concerned about cancelling your credit card if you are unhappy with the financial institution that you have opened it with. They can not simply submit an adverse report if you exercise your right not to use their services anymore. If you call them and instruct them to close your credit card they are legally bound to execute your request. On the same token, if you owe a balance even if it is only fees associated with obtaining the credit card, you are legally bound to pay under the terms you agreed to when you applied for and accepted your credit card. If you are concerned about what this company's policies and procedures are, call them up and ask for them to mail you a copy of the schedule of fees and the card holder's agreement. I always strongly recommend that you examine all of the documentation you receive from your financial institutions. I know that it is really boring, however, it ensures that you are an educated consumer and that you know your rights. This, my fellow consumer, will spare you a lot of heartache,money and time. Cindy, I do hope that I have provided you with some of the information that you were looking for.

I just found the R-oR website and decided to check out this credit card co. which my roomate recently got a card with. I knew it was a bad deal, but had no idea JUST HOW BAD. So far only 2 payments have been made to them, so I had not yet noticed anythng bad, (other than the ridiculous $178.00 fees; changing the new available credit amt to $72) After reading these reports, I am totally horrified at the potential damage obtaining this card has done. Last week AMEX inexpliably reduced his line of cedit on his Blue card, which he has never even used, refering to recent credit reports prompting this measure. Now I'm convinced First Premier was the cause of this. Your website reports go back to 2001, or earlier, with the same type complaints, over and over. One of the reports stated that an inlaw was an FBI agent, or had some such connections, but didn't seem to add on their solution. Has no one yet figured out how to put a stop to the abuse this company inflicts? I'm thinking we're just going to have to go through small claims court simply to cancel the card, never mind getting anything back. I just want to avoid future damage. I'm not sure if he still has the original offer, as one of your posters suggested. It just seems with such a lengthy history of fraudulent practices something would have worked by now. Anyone reading this PLEASE tell me if you've figured out how to cancel, without them sending damaging information into the credit reporting agencies, or using the type of operational tactics that eventally lead to the same outcome. What else can we do about it?