Ken
Colorado,#2Consumer Suggestion
Thu, February 16, 2012
SCGP now sees you as a bigger risk than before. It is their right to "allegedly" require an additional deposit.
Your complaint, though, is puzzling. If they "allegedly" pay 3% interest, I would want them to have as large a deposit as possible.
Have you noted savings account interest lately? Considerably under 1%.
"I pose the questions to all of you, why is your money only accruing 3% interest, why is it totally beyond your control, is this money being held in escrow as it should or is our money being used at the total discretion of this money hungry inhumane monopoly?"
Most businesses charging a deposit DO pay more than market interest on the deposits, therefore they don't keep them any longer than necessary. Usually at the end of a year of ON TIME, EVERY time payments, you'll get it back or credited to your bill. Any "alleged" screw ups on your part and the clock starts over.
You haven't been ripped off at all.