- 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
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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