Comments on: Class Action Lawsuit Against The Credit Card Companies

By: alaine williams

alaine williams — Mon, 30 Aug 2010 16:55:52 +0000

How do I sign up for the class action law suit.

By: Philip Moore

Philip Moore — Fri, 30 Jul 2010 12:26:39 +0000

How do I sign up for the class action law suit against credit cards and loan companines in Illinois.

By: Vince

Vince — Sun, 25 Apr 2010 17:22:10 +0000

Wells Fargo lowered my limit and says they sent me a letter. They lowered it from $5000 to $150 after I paid off a $3000 balance. They stated to me over the phone that it was over a delinquency reported by Experian however when I contacted Experian they indicated I had not delinquencies on my credit report. HOWEVER, the owner of the home I bought after foreclosure filed bankruptcy and did have delinquencies. If Well Fargo is just running the address with no personal information then they may get some thing back on this former owner. If indeed they are mixing my credit with their credit then it is just wrong and certainly negligent.

Also I have an on going saga with Discover over a $100 dispute with Miscrosoft MSN TV2 which I canceled with in the 30 day window (I canceled after 3 days) it has been almost a year and Discover is still trying to figure out why Microsoft will not issue the credit but until Microsoft issues the credit Discover will not take off the charge even though they agree it is not valid. I think Discover has a roll over attitude towards merchants and is also so incompetent in its dispute resolution process to be negligent as they made the first two determinations that it was a valid charge. I made several phone calls and even after I walked them through the evidence provided by Microsoft they agreed over the phone that the charge was not valid they sent me a letter indicating it was valid. So here I a again going through round 3 of this dispute. FINALLY two weeks ago I found some one smart enough to follow the documentation and agree that the charges are indeed not valid. I am still waiting to find out since September of this past year.

By: sandy

sandy — Tue, 13 Apr 2010 03:15:28 +0000

I have been served with a summons to court this week…I got disables after paying for credit protection fees monthly on my bills. yet they will not talk about that and are suing me.

By: Jmaes J Reis

Jmaes J Reis — Wed, 07 Apr 2010 20:26:54 +0000

Citi Card dropped two of my cards lines of credit to just above their balances again within the past twelve months, dropping my FICO Score considerably. I am outraged and I am seeking legal representation for damages regarding Citi’s blatant unfounded actions against me.

By: Kim Curtis

Kim Curtis — Thu, 13 Aug 2009 21:39:05 +0000

I have had a Chase Credit Card for 5 months w/ a credit limit of $6,000 which we have never been late making a payments and have paid double the minimum payment required. I used a check that they send with the credit card statement to pay for a kitchen repair, Chase put a hold on the check and called us to see if the check was something we wrote and to make sure it was not fraudulent when we confirmed the check was legitimate the next day they lowered our credit line and the check was no longer a valid check. I have never been so embarrassed to have our builder call and say the check we paid them with was no good. When I called to verify the check was in fact something we wrote they did not inform us that our credit line was being reduced. We had no warning. I am canceling this card and I will tell anyone who will listen that Chase is nothing but a bunch of bottom feeders trying to get another government bailout from US taxpayers and they are the lowest of the low. I will never do business with Chase.

By: Mike T

Mike T — Mon, 10 Aug 2009 23:09:09 +0000

Bank of America has just shoved a semi trailer up my rear end. On my Platinum Master Card it states I’ve been a customer since 1996. While I’ve always paid on time, due to some unforseen circumstances, I’ve run up a balance @$30,000 with them over time. I used this card a lot last year for major purchases building up over 36,000 points.
I had a stress related mental breakdown in 2005-2006 and am on Social Security Disability after working on the Space Shuttle for 25 years. My problem solving IQ was reduced from the mid 130′s to the low 90′s as a result.
Until December 2008 I had a limit of $36,750. Then some things started happening.
1. My PC went down in late November and I have tracked all my bills using an excel spreadsheet for about 10 years. With my breakdown, I haven’t been able to put my PC back together which has caused a lot of problems.
2. I was on paperless billing (another issue) with them and payments were always due on the 5th or 6th of the month for years.
3. On 12/5 I called to make a payment only to find they’d changed the due date to 12/4 which was a Sunday. I explained my circumstances of not seeing the bill or due date change to the rep who was no help. I then spoke to an accounts manager who was the same.
4. Because of this:
A. I was charged a $56 late fee
B. I was also charged a $15 pay by phone fee
C. They lowered my credit line to @$34,000
5. I asked to be put back on paper statements and was refused, with them telling me I had to do this on line. They were adament that they couldn’t change this option.

I purchased a hot tub during one of their “no interest for a year” offerings last year and also transferred $3,500 from a higher interest rate card to this card (from another offer). The purchase rate on this card was a lifetime 7.00%. I’d planned to pay a majority of this off with proceeds from my Mother’s estate only to find that Nursing home and legal fees burned up most of the estate. I paid @$2,500 one month and invested the rest.

I have been paying by phone since December and paying the $15 pay by phone fee except when I get to a library and pay on line. Last month I called and found my minimum amount due had gone from @$525 to $810. Thinking this was the result of the previous offers, I just paid it without question.
This month I called and found the due date was again changed to the 4th and the amount due was $840. I asked to speak to a rep and found out they had changed my interest rate to 19.99%. They stated they’d sent me a letter about this. I did not rewceive any letter. I have a Capital One card that did the same. As long as I don’t use the card, the rate on my balance stays the same.
Since I was unaware of this ripoff, I used the BofA card once in the last few months to pay for a $45 psychiatrist office visit. Now, after this $45 charge, my entire $30,000+ balance is being charged 19.99%!
And to make matters worse, my discussions with them took long enough that it put me past 5:00pm, and would be “processed the following day”. Making for another late payment and again a $15 pay b y phone fee.

I thought President Obama was enacting a law against all of this. On top of the $30,000,000,000 we gave this bank, they’re going to be allowed to rob the consumers until this law passes? The rep I spoke with told me they did this to 6,000,000 customers.

I would like to be included in any class action suit against Bank of America and Capital One. If you are not involved in this please forward this to whoever is and kindly provide me their name and email.

By: John Hansen

John Hansen — Sun, 26 Jul 2009 04:20:52 +0000

We have never been late on a payment with WAMU – then chase bought it and after a few months, and a nice big taxpayer bailout – today we got a letter stating that they were going to close one of our credits because of:

too many active bankcard accounts
too few accounts paid as agreed – compared to total accounts
total available credit on bankcards is too low.
—————————————————————-

We have not been late on any payment to any of our cards since our bankruptcy 5 years ago – which – ironically was brought on by Chase doubling our minimum payment to $400.00 a month. At that time we have never been late on a payment to them either – they said “we’re doing you a favor – getting your balance down.”

Yeah right – is there an arrogance and greed these bankers don’t enjoy?

I hope to see a big class action suit against this greedy company.

John Hansen Follow me on Twitter http://twitter.com/JackHester

John Hansen

By: S P Dudley

S P Dudley — Thu, 16 Jul 2009 05:05:03 +0000

We need to make a major complaint about Bank of America. We are customers in good standing with an excellent credit history. Yesterday without warning they arbitrarily reduced our credit limit on our VISA from $12000 to $5000. This was done without warning. We normally spend about $5000/month on the card then pay it all off before the deadline, so we were shocked when informed about this. When we asked to speak to the BoA credit dept, they asked us all sorts of personal questions about our income, then announced that they were reducing our credit limit even further to $1000. We are now cancelling our credit card and paying off our balance.

We did some research and discovered that we’re not alone, and found many instances of people, all with good credit history, that were being victimized by BoA in this way. The bank somehow doesn’t see us as a value to them and in fact was quite hostile, even though we’ve been a good customer for over 20 years.

By: Christine

Christine — Sat, 11 Jul 2009 13:58:35 +0000

My Husband had a WAMU Card that became a Chase Card. We were never late with it. It only had a $2000.00 Credit Line – Pretty Small Fish. Anyway I have always paid it off in full. I did not mind our 14% interest because we had bad credit which we are trying to rebuild. I was out of work for 6 years. So now I have a great full time job dh had a great full time job and I figured we were gettin gback on our feet.

Chase Raised our Interest Rate to 29% and then closed our never late, never delinquint, always paid in full account.