- Report: #59829
Report - Rebuttal - Arbitrate
Complaint Review: Providian Emerge Mastercard
Providian Emerge Mastercardcardholderservices@emergecard.com Atlanta, Georgia U.S.A.
Providian Emerge Mastercard ripoff There should be some law on consumers being able to increase interest rates once an account has been closed. Atlanta Georgia
Once I returned back to the states I got a statement from Providian stating I had a balance of 2,000 dollars. I never asked or was told that my credit limit had increased. By 2001 I got tired of this account and asked for the account to be closed. They closed the account with no problem, but two or three months later I noticed that Providian had increased my interest rate. They claim they notified me, but I never recieved anything about my interest at all.
The lady that I spoke with concerning the matter said because I was late 3 consecutive times. Which I was not, they had sent a payment through my bank and somehow there was a problem getting the check clear. Once we corrected the problem I continued to make payments.
In March I sent them a $500 payment, which my balance til this day looks to be the same. I asked the new owners about correcting the interest rate and the customer service rep. said no. There should be some law on consumers being able to increase interest rates once an account has been closed. Especially if they are still getting their payments with no problem.
This report was posted on Ripoff Report on 06/06/2003 01:04 PM and is a permanent record located here: http://www.ripoffreport.com/r/Providian-Emerge-Mastercard/Atlanta-Georgia-30348/Providian-Emerge-Mastercard-ripoff-There-should-be-some-law-on-consumers-being-able-to-inc-59829. 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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