Ashley
springfield,#2Consumer Comment
Thu, June 28, 2012
I"m guessing you dont understand how credit cards work. Whether the account is open or closed it will continue to be charged interest. Closing an account does not stop interest from accruing. The only was to stop it, is to pay off the balance. Same with a monthly maintenence fee, the account may be closed but they still have to maintain it until the balance is paid off. On those two points there is no ripoff, this is just how credit cards work.
So what are you going to file a class action lawsuit over? The terms and conditions were clearly spelled out in the credit card application. They dont hide the annual fees and application fees. Since you have to pay such fees you obviously do not have much credit, this company was taking a risk by extending you credit and they were obviously right to be wary of you. You signed a contract and were given the terms of the contract, there's nothing to sue them over.