- Report: #19117
Complaint Review: RETAILERS NATIONAL BANK - MINNEAPOLIS Minnesota
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Author Not Confirmed
Why?
RETAILERS NATIONAL BANK
P O. BOX 599231 MINNEAPOLIS, 55459-0231 Minnesota, U.S.A.
Phone:
800-659-2396
Web:
N/A
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Business Rating:
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RETAILERS NATIONAL BANK ripoff MINNIAPOLIS MINNEAPOLIS Minnesota
Retailers National Bank seems to be following a policy that other credit card lenders are pursuing around the country. That policy is to increase already high interest rates even higher after someone misses two payments.
I find this policy upsetting because of the following reasons:
First, 21% is already a high interest rate and to increase it to 24.99% is outrageous.
Second, this company and/or many others have also intiated monthly late fees of $20.00 or more. Is not a twenty dollar late fee a suffiecient penalty for a late fee?
Third, they make you reply by writing. Well, this is a more difficult process and many consumers become distracted and fail to respond to the company in writing to voic their complaint. And if one can forge a telephone call, they could also forge a letter.
Fourth, the prime rate has significantly decreased while credit card rate remain high or in this case they even increase.
Consumers, all I can say to you is to cut up your credit cards and b***h and complain to everyone. That will set you free!
JOHN
KANSAS CITY, Missouri
I find this policy upsetting because of the following reasons:
First, 21% is already a high interest rate and to increase it to 24.99% is outrageous.
Second, this company and/or many others have also intiated monthly late fees of $20.00 or more. Is not a twenty dollar late fee a suffiecient penalty for a late fee?
Third, they make you reply by writing. Well, this is a more difficult process and many consumers become distracted and fail to respond to the company in writing to voic their complaint. And if one can forge a telephone call, they could also forge a letter.
Fourth, the prime rate has significantly decreased while credit card rate remain high or in this case they even increase.
Consumers, all I can say to you is to cut up your credit cards and b***h and complain to everyone. That will set you free!
JOHN
KANSAS CITY, Missouri
