Nasty FIA Business Practices
Date: Tue, 05/18/2010 - 18:10
I checked my credit card records and various financial statements tonight.
I have kept FIA Card in spite of the way they treated me so at least I have some credit if needed.
Here is what thy have done so far:
Raised my rates more than double the original amount (11.9% to 28.9%).
They lowered my credit limit by more than half - from $6000 to $2500.
When I had the problem last year they reported me to the credit agencies and lowered my score.
They then led to many companies closing down my accounts - and FIA Cards was using their OWN rating to deny me a lower interest.
I paid them what I could and did not pay the the $560 to $800 monthly payments they demanded last year.
I could not afford food at this time yet paid them $50 in good faith each month I was in trouble.
There were two months when I needed to do this.
And now that I have paid them every penny short of about $20 they have now closed my account and have stopped any credit.
I have written the Philadelphia Federal Credit Union, where I was connected to this card in the first place. The credit was sold twice, and is now owned by the Bank of America - a particularly nasty company!
They may have done me a favor? Yet how they handle their "customers" is as if only only purpose is to supply them with free money.
I have kept FIA Card in spite of the way they treated me so at least I have some credit if needed.
Here is what thy have done so far:
Raised my rates more than double the original amount (11.9% to 28.9%).
They lowered my credit limit by more than half - from $6000 to $2500.
When I had the problem last year they reported me to the credit agencies and lowered my score.
They then led to many companies closing down my accounts - and FIA Cards was using their OWN rating to deny me a lower interest.
I paid them what I could and did not pay the the $560 to $800 monthly payments they demanded last year.
I could not afford food at this time yet paid them $50 in good faith each month I was in trouble.
There were two months when I needed to do this.
And now that I have paid them every penny short of about $20 they have now closed my account and have stopped any credit.
I have written the Philadelphia Federal Credit Union, where I was connected to this card in the first place. The credit was sold twice, and is now owned by the Bank of America - a particularly nasty company!
They may have done me a favor? Yet how they handle their "customers" is as if only only purpose is to supply them with free money.
Well, when the new law is likely to put stop to many of the old
Well, when the new law is likely to put stop to many of the old practices of credit card company, some areas are still left unattended to still allow the credit card companies to rip-off customers.
