Credit one Bank Robert Dejong, CEO Predatory Credit Card Scam Las Vegas, Nevada

Credit One Bank sent an unsolicited credit card offer to our home. The advertisement indicated that my husband had been pre-approved for a $1500 credit line. It did not mention any annual fees, he said if it had he would not have applied for the card. He applied on-line and was approved.

The card arrived quickly in the mail. However, the credit line was for only $400 not the advertised $1500. The card was activated in May, 14, 2012 and fees totaling $81 had been added on May 18th, now the credit line is less than $400. Then he sees that the interest rate is a whopping 23.90% and there is a $35 late fee if you are late! Red flags all over the place now.

After much research I find there is a long list of complaints, hundreds and hundreds; that payments are held to make sure they can add a late fee, that online payments cost $9.95 each; further more in order to cancel you have to have a zero balance and they conveniently make sure at least a penny is charged so there is never a 0 balance.

This is predatory be every definition. The seek the most vulnerable and needy, the people they can scam easier because they can't afford a lawyer. They exploit the elderly and novices who don't understand the impact of this type practice.

We fall under the vulnerable and poor category, living on social security and really needing some cushion for between checks. Credit One Bank is an outrage! This behavior is not only despicable it ranks up at the top of my terrorist red flag list!

Credit One Bank is FDIC insured; it is supervised by the federal agency OCC, Office of Comptroller of the Currency. They are operating under federal laws; it will be the National BBB that one should complain to as well as the Las Vegas, NV BBB; Federal and state Attorney General's offices should be contacted.  Mr. Robert Dejong is the CEO of the Credit One Bank also a Mr. Berkman Hong are parties to it. This is a predatory scam, it is created to steal from the poor and needy.

Everyone needs to warn their family and friends, use social media and opinion forums, but we need to make this stop. We need to expose the criminal intent of Credit Bank One. Report them to every office you can and let them know we will not tolerate this scam anymore.

Where is the money going? How do they justify their actions and deceptions? Are they reporting all their illegal profits or is there a chance they are sending the money out of the country to who knows  what organization or enemies of the USA? Let the truth be revealed and Credit One Bank exposed to the entire country for its crimes against victims, not clients.