Comments on: Class Action Lawsuit Update

By: Mary

Mary — Sat, 27 Feb 2010 21:07:05 +0000

I am furious with Discover! I have a large balance which accumulated while I was in Grad School. I do not charge anymore….it has been at least 3 years since a charge has been put on this card. I have so many complaints….a new problem arises every time I talk to them. My rate was raised to 29.9%….I called them to lower the rate and was told it was the lowest that they had. Since I was obviously worried about my credit, they offered to sign me up for a service that would insure me if I couldn’t make payments. When I turned that down they offered me another service that would track my credit score! PLEASE! Someone needs to stop them! This amounts to loan sharking!!!

By: John

John — Tue, 23 Feb 2010 17:58:29 +0000

Many situations to comment on. A couple quick ones: Just called my bank about a loan I have with them. I have the payments automatically taken out of my checking account, thus I have never been late. They told me that they only report to Equifax. I said, what about the other two. They said they do not have a contract with them. I said, but if I get a loan, banks typically take a look at all three bureaus. If this account (which is a positive one) does not show up at all three, then the “average” or “middle” score is skewed. They said “yes,…I see your point”. So that’s one situation on how the system is flawed. I also believe a strong case could be made to prove that they system is skewed in favor of banks/lending institutions. You take “hits” in points way faster than you have the ability to “build them back up”. I would be IN on a class action suit and hopefully have much to offer.

By: Garry Adkins

Garry Adkins — Sat, 20 Feb 2010 03:13:46 +0000

My WaMu card was closed after the Chase takeover. Never late, with a fair FICO score. No offer on a new Chase account.

By: Mike Reese

Mike Reese — Fri, 05 Feb 2010 20:01:52 +0000

Count me in on any class action suit against these criminals !!!

I ” had ” an 814 credit score….never late in 22 years on anything, built limit up to around 100k at avg. 5.9%……paid cash for fixer upper house and used credit cards to finance the renovation…planned to get 1st mortgage when finished.

80% through renovation credit limit was slashed by 60% preventing me from finishing project…..worse was the fact that my score fell to an extremely low level despite being current on all my open accounts…..then attempted to raise my rates were north of 20% even 33% in one case. Banks are now refusing to carry my 1st mortgage so I can pay these bums off because my score has fallen by no fault of my own.

I want in on any lawsuit……gauranteed…..let me know and I’ll be at the head of the line.

By: Raymond Clark

Raymond Clark — Fri, 22 Jan 2010 21:16:09 +0000

Please be advised that CHASE cancelled one of my credit cards which was obtained by WaMU. I was never late. They then increased my APR nearly triple…..I am refusing to pay this insanse business practice. I am willing to participate in any up-coming class action law suit. As a hard working american we must stand up against CHASE.

Raymond A. Clark

P. S. Please help us.

By: Paul Whitley

Paul Whitley — Fri, 22 Jan 2010 17:58:48 +0000

Want to join a class action suit if possible. Chase reduced my credit lines on 4 cards from about $50,000 to $7,000, never late, never over limit from purchases.
In addition, as a result of the reductions, created over limits when interest charged which created over limit fees. THey will not remove them. They also increased my interest rate from 7.99 to 26.2 because of “lending costs in the market place” – they are paying 25bps for their money from the FED.
They also raised the interest because of the over limit created by the interest to Prime + 26.99%
They are getting prepared for the new law that should have been retroactive instead of a year out – good banking lobbyists I guess!

By: Mike Barron

Mike Barron — Wed, 20 Jan 2010 18:51:59 +0000

I had an outstanding balance on a credit card that was charging interest. I received an offer in the mail from CHASE that indicated I could write a check for a balance transfer. It says very clearly and boldly that I can write a check against my credit line of $8000. I went to their website and completed the transaction of paying $8000 to my previous credit card. The transaction cost 3% or $240. As a result of the transaction fee, it put me over my limit and I have incurred fees for that. In addition, I am now paying finance charges of 13% and my credit score of over 800 is now 740. Not only did I pay the $240 to transfer, but I did not get the benefit of the introductory rate. When I contacted CHASE, they said it says on the offer that going over your limit will result in the situation that I’m currently in. As I have reviewed the promotion material, it does say going over the limit or late payments would result in such actions, it does not suggest that the transaction fee will cause this. I work in the finance industry and have seen class action suits successfully litigated for failure to clearly disclose such information. Again, I have thoroughly reviewed all informatin and find that this is not clearly disclosed. I think this case could have legs and I’m interested in helping.

By: Brian Hutchings

Brian Hutchings — Mon, 18 Jan 2010 22:57:22 +0000

I Was Taken By ASPIRE myself.. I have Called The FDIC FTC and talked to other Proffesonals and they Agree with me that Aspire’s business pratctices are dubious at best.I contacted an Attorny and was told the amount would be than my Balance.. With Aspire I Make my payments on time . And Just a small % goes to my balance.. YES I Would Like More Information About A Class Action Reguarding Aspire/Compu-Credit/Columbus Bank of Georiga… I would be more than Happy to provide imformation that I have acculminated over the past Year and a half.. Aspire Called Me .. I am The One That Is Getting Ripped Not Aspire.. I AM PAYING MY DEBIT TO THEM… THEY ARE THE ONES RIPPING OFF CONSUMERS.. I Can Say Class Action.. I Hope I Can see this happen

BHUTCH

By: Larry Patton

Larry Patton — Sun, 10 Jan 2010 00:01:06 +0000

I got a call one day from discover pitching an info packet that would be mailed postal, to get me to sign up for a card. At first i said no thankyou then finally said to go ahead and send it and i would look it over. I looked it over then shredded it. A couple of months later i get a bill for $25 from discover card, I dont even have a discover card and never have, my calls for an explanation were useless, then , sometime later found the negative marks on my credit from this. I didnt pay the bogus $25 fee nor will i ever pay it, the negative is still on my credit history, still damageing as i relate this. Im very interested in being party to a class action lawsuit against discover card in any shape or form, just let me know what to do. I also believe that our politicians who allow such corporations to operate in this country as they operate should at the very least be fired without retirement benefits then investigated, isnt that what we would get for sub par performance on our jobs, YES and YES im mad as hell .

By: Cody Barack

Cody Barack — Thu, 07 Jan 2010 14:54:00 +0000

I have always had a near perfect credit score until the ADVANTA BANCORP credit card people raised my interest rate and lowered my limit to $500. They next cancelled my account for no reason. I would’nt care but by doing so they somehow ruined my credit score and I have not been able to get a credit card of any kind since. I want to be part of any litigation against these people or do whatever I can to cost them money.