- Report: #32995
Report - Rebuttal - Arbitrate
Complaint Review: Nextcard, Merrick Bank
Nextcard, Merrick BankPO Box 5721 Hicksville, New York U.S.A.
Nextcard, Merrick Bank Ripoff of Nextcard customers changing terms and jacking up rates Hicksville New York
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Now in October 20, I receive a statement from Merrick Bank with a rate of 21.7% that I never agreed to and a much much higher minimum payment. I called up Merrick Bank and the rep, just kept going on that you should have paid off the account to avoid our finance charges, she stated I was at their lowest rates and that I had no say as to what my rate would be, I told her that no way in anyone's right mind would anyone agree to jump form 9.9% to 21.7% - I asked to speak with her supervisor who pretty much stated pay off the balance or pay us our rates/fees - They suggested I try a balance transfer to another card or seek a loan.
THE ONLY TERMS I HAVE EVER AGREED TO WHERE THOSE OF NEXTCARD. I never agreed to any new terms or sign anything with Merrik Bank. More of us need to file complaints and hopefully have a class action suite against them. It is not right for them to say you pay us what we want or just pay off the balance if you don't agree, I would have paid off the balance if I had known this would happen, I kept them because they where my lowest rate card and I paid off 15K of other debt at much higher rates, all my current cards are under 15% even most of my current store issued credit cards are less than 20%.
This report was posted on Ripoff Report on 10/20/2002 12:59 PM and is a permanent record located here: http://www.ripoffreport.com/r/Nextcard-Merrick-Bank/Hicksville-New-York-11802-5721/Nextcard-Merrick-Bank-Ripoff-of-Nextcard-customers-changing-terms-and-jacking-up-rates-Hi-32995. 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.
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