- Report: #1016720
Complaint Review: Applied Bank
Related Reports
Featured Ripoff Reports
Ripoff Reports
Ripoff Report on CBS 19
Ripoff Report on CBS 19 - Global Marketing Alliance
Ripoff Report on ABC 15 - Smart Shopper
Ripoff Report - Girls Gone Wild
Ripoff Report on Fox 11 - Car Repair
Special Features
-
Doctored Reviews is designed to help patients, doctors, and websites understand the problems created by Medical Justice, a company trying to restrict online patient reviews, and to offer some ways that let patients freely talk about their healthcare experiences. -
The government should serve voters, not corporate special interests. Public Citizen works to empower ordinary citizens, reduce the influence of big corporations on government, open the government to public scrutiny, and hold public officials accountable for their misdeeds. -
WHAT YOU NEED TO KNOW ABOUT THE BBB: NOT a government agency as listed in your local phone book. Instead the BBB is a private non-profit / franchise operation. 20/20 exposes the BBB, Hamas Terror Group Gets 'A' Rating - BBB is running a "pay for play" scheme.
| Applied Bank P.O. Box 17120, Wilmington DE 19886-7120
Wilmington, Delaware United States of America |
|
Applied Bank Posts mysterious "Fees Charged" on my monthly statement then DOUBLES my monthly payment with NO explination. Wilmington, Delaware
*Author of original report: Really?
*Consumer Comment: Wine is sparkling but your credit isn't
*Consumer Comment: What you are not saying
Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™
I opened a business credit card account with Applied Bank several months ago. They have me a $750 credit limit. My monthly payments were always $35 until my March bill. On this billing statement I immediately noticed my payment due was no longer $35 like all previous payments but had doubled to $70. No explination was given for this dramatic increase. I then noticed that I was over my credit limit due to a mysterious $44.95 "Fees Charged" on my statement. No explination just "Fees Charged". I knew I have never went over my credit limit and have paid this account religiously since I've had the account and have a sparkling TranUnion credit bureau.
I consider this action by Applied Bank as preditory. I have my payments on time and never went over my credit limit. This weird "Fees Charged" did however put me over the credit limit. I never was told what is "Fees Charged" was and I merely clipped my card in half and mailed it back to them.
I consider this action by Applied Bank as preditory. I have my payments on time and never went over my credit limit. This weird "Fees Charged" did however put me over the credit limit. I never was told what is "Fees Charged" was and I merely clipped my card in half and mailed it back to them.
This report was posted on Ripoff Report on 02/19/2013 10:39 AM and is a permanent record located here: http://www.ripoffreport.com/r/Applied-Bank/Wilmington-Delaware-19886/Applied-Bank-Posts-mysterious-Fees-Charged-on-my-monthly-statement-then-DOUBLES-my-mont-1016720. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.
Click Here to read other Ripoff Reports on Applied Bank
Search for additional reports
If you would like to see more Rip-off Reports on this company/individual, search here:
Search Tips#1 Author of original report
Really?
AUTHOR: Horror Channel TV - (United States of America)
SUBMITTED: Tuesday, February 19, 2013
Thanks for the advice however my sparkling credit bureau includes a $15000 Chase Visa and a $3000 Capital One Visa. I only applied to Applied Bank to diversify. Also, is was a business account while my Chase and Capital One accounts are personal. If I were to "max out" my card it doesn't give a bank permission to apply fees without explination. It also doesn't give them permission to double my monthly payment without explination.
Respond to this report!
What's this? #2 Consumer Comment
Wine is sparkling but your credit isn't
AUTHOR: coast - (USA)
SUBMITTED: Tuesday, February 19, 2013
"my payment due"
Read it again. It states minimum payment due NOT payment due. You should always pay more than the minimum due.
A $750 credit limit is not an indication of "sparkling" credit.
Read it again. It states minimum payment due NOT payment due. You should always pay more than the minimum due.
A $750 credit limit is not an indication of "sparkling" credit.
Respond to this report!
What's this? #3 Consumer Comment
What you are not saying
AUTHOR: Robert - (U.S.A.)
SUBMITTED: Tuesday, February 19, 2013
You appear to be leaving out or glossing over very key items, as someone with a "Sparking" credit report will not be stuck with a Sub-Prime card.
First if you are close enough to your Credit Limit that $45 puts you over, you are not managing your credit correctly. This puts you at about 90%+usage, and any usage over 85% is usually considered as "Maxed-Out". So, not that I expect you to take this advise, but you will find that the recommendation is that you should use no more than about 30% of your credit, and at no time go over 50%. Next, you infer that you are only paying the minimum payment. This alone is actually seen as a negative and if an increased $35/month is causing you difficulties you probably have bigger credit issues than you may want to admit. Anyways as for the Minimum Payment depending on your interest rate, in addition to the the fact that you are close to your credit limit. With that $35 you are probably paying $15-$20 in Interest.
Did you call them to find out what these fees were for? Have you gone through your statements to make sure that they have applied the payments correctly? Have you verified that there are no fraudulent charges on your account? Have you done anything except cutting the card up and sending it back to them? Because if you think that will get you out of paying, you are going to be in for a bit of a shock.
First if you are close enough to your Credit Limit that $45 puts you over, you are not managing your credit correctly. This puts you at about 90%+usage, and any usage over 85% is usually considered as "Maxed-Out". So, not that I expect you to take this advise, but you will find that the recommendation is that you should use no more than about 30% of your credit, and at no time go over 50%. Next, you infer that you are only paying the minimum payment. This alone is actually seen as a negative and if an increased $35/month is causing you difficulties you probably have bigger credit issues than you may want to admit. Anyways as for the Minimum Payment depending on your interest rate, in addition to the the fact that you are close to your credit limit. With that $35 you are probably paying $15-$20 in Interest.
Did you call them to find out what these fees were for? Have you gone through your statements to make sure that they have applied the payments correctly? Have you verified that there are no fraudulent charges on your account? Have you done anything except cutting the card up and sending it back to them? Because if you think that will get you out of paying, you are going to be in for a bit of a shock.
Respond to this report!
What's this? 
