- Report: #173018
Complaint Review: PROVIDIAN CREDIT CARD - DALLAS Texas
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PROVIDIAN CREDIT CARD
P.O. BOX 660548 DALLAS, 75266-0548 Texas, U.S.A.
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PROVIDIAN CREDIT CARD BLIND JUSTICE BEING SCREWED BY PROVIDIAN DALLAS Texas
BLIND JUSTICE BEING SCREWED
If any one was offended it should be the authors of the laws that were meant to protect the citizens who voted for the authors of the laws.
The thing that I speak off is there are no clear cut consumer rights. The giant credit card companies spew out all types of vague, bogus and deceptive offers and then use legal tactics to enforce the above, not to be trusted offers. The following is just some of the tactics used:
Obtain your name from a data base that contains information that will allow them to run your credit
Send you an offer that they(Providian) know they will not HONOR, then make you a counter offer
Hook you in with the promise to adjust the terms after a period of time which allows them to continue getting out rages profit form :
1. HIGH INTEREST
2. IMPROPER POSTING OF PAYMENTS TO YOUR ACCOUNTS
3. ALLOWING OVER THE LIMIT CHARGES TO OCCUR BECAUSE OF COMPOUNDING HIGH INTEREST AND OVER THE LIMIT CHARGES
4. CHANGING THE TERMS BY IMBEDDING THE CHANGES IN WITH OTHER MAIL ADVERTISING
THEN AFTER THEY HAVE RAPED YOU FINANCIALLY THEY SELL THE ACCOUNTS TO COLLECTION AGENCIES IN BULK OR THEY TURN IT OVER TO THE IN HOUSE COLLECTORS WHO HAVE NO IDEA AS TO HOW THE CHARGES CAME ABOUT!
Then after the years of the card holder paying and holding on to a promise never meant to be kept; you end up with bad credit, bad health, credit turn downs, job offers turned down, higher cost of insurance, and higher cost of credit, which cycles to the entire
U S ECONOMY, and end up in some form of bankruptcy! Which ends up causing inflation because consumers are not able or willing to buy any thing , cars, houses, travel, etc.
WE ALL GET SCREWED BY THE GREED OF THE HEADS OF UN ETHICAL BUSINESSES!
WHAT CAN WE DO PEOPLE???
Tom
Shawnee Mission, Kansas
U.S.A.
If any one was offended it should be the authors of the laws that were meant to protect the citizens who voted for the authors of the laws.
The thing that I speak off is there are no clear cut consumer rights. The giant credit card companies spew out all types of vague, bogus and deceptive offers and then use legal tactics to enforce the above, not to be trusted offers. The following is just some of the tactics used:
Obtain your name from a data base that contains information that will allow them to run your credit
Send you an offer that they(Providian) know they will not HONOR, then make you a counter offer
Hook you in with the promise to adjust the terms after a period of time which allows them to continue getting out rages profit form :
1. HIGH INTEREST
2. IMPROPER POSTING OF PAYMENTS TO YOUR ACCOUNTS
3. ALLOWING OVER THE LIMIT CHARGES TO OCCUR BECAUSE OF COMPOUNDING HIGH INTEREST AND OVER THE LIMIT CHARGES
4. CHANGING THE TERMS BY IMBEDDING THE CHANGES IN WITH OTHER MAIL ADVERTISING
THEN AFTER THEY HAVE RAPED YOU FINANCIALLY THEY SELL THE ACCOUNTS TO COLLECTION AGENCIES IN BULK OR THEY TURN IT OVER TO THE IN HOUSE COLLECTORS WHO HAVE NO IDEA AS TO HOW THE CHARGES CAME ABOUT!
Then after the years of the card holder paying and holding on to a promise never meant to be kept; you end up with bad credit, bad health, credit turn downs, job offers turned down, higher cost of insurance, and higher cost of credit, which cycles to the entire
U S ECONOMY, and end up in some form of bankruptcy! Which ends up causing inflation because consumers are not able or willing to buy any thing , cars, houses, travel, etc.
WE ALL GET SCREWED BY THE GREED OF THE HEADS OF UN ETHICAL BUSINESSES!
WHAT CAN WE DO PEOPLE???
Tom
Shawnee Mission, Kansas
U.S.A.
1 Updates & Rebuttals
Eric
Stockton,California,
U.S.A.
Stop the Insanity
#2Consumer Suggestion
Thu, July 06, 2006
You ask an interesting question. What can we (consumers) do to stop the giant credit card companies? Simply put, live within our means. Stop using credit cards unnecessarily and pay them off every month. I have had a Providian card and a Capital One card. According to a lender I spoke with, these two cards, along with Sears are the worst cards one can have. Their practices, while leagal, are predatory. They apparently supply inaccurate reports to the reporting agencies on a regular basis and do little to correct the reports, even after consumer complaints. Fortunately, I was able to pay these off completely and close the accounts. Credit card companies can be stopped cold in their tracks if the American consumer will use a little wisdom when using credit cards. 1. Pay your card to a zero balance monthly. 2. Do not exceed 50% of your card's maximum limit. 3. Limit the number of credit cards you carry to no more than 2. By practicing common sense, the consumer can kick these companies into shape.
