• Report: #527926

Complaint Review: Target National Bank

  • Submitted: Tue, November 24, 2009
  • Updated: Tue, November 24, 2009

  • Reported By: Upset in Hanover, PA — Hanover Pennsylvania United States of America
Target National Bank
PO Box 9475 Minneapolis, Minnesota United States of America

Target National Bank Target Red Card I had asked them on several different Occasions if they would work with me in ref to paying off my debt.I went to a debt management company, and Now Target National Bank filed A Civil Suit against me. Minneapolis, Minnesota

*Consumer Comment: What's WRONG With This Picture?

*Consumer Comment: Debt Management or Settlement?

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I work in the car business, and as the whole world knows, took a nose dive. My hours have been cut as well as my pay, not to mention, the cost over everything going up. I Started out with a Target Red Card and they decided to change it to a Target Visa without my approval.  I have contacted Target several times to see if they would work with me in reference to paying of my debt.  They REFUSED.  Then they raised my interest rate  to 29.99% (Where is the Government protecting the Consumer on this Issue?) I finally had no choice but to contact a debt management company or file Bankrupt.  I went to a Debt Mangagement company and Target National Bank has Received the signed Contract and the power of attorney and they have refused to even work with them. Then ontop of Insult to Injury, they have now filed a Civil Suit Against me.

I am appauled and so disgusted with this whole situation!!!!!!  Anyone and Everyone out there Needs to STOP Shopping at Target and By all Means, DO NOT ever apply for a Target Credit. They will RIP You OFF!!!!!!

 


This report was posted on Ripoff Report on 11/24/2009 07:16 AM and is a permanent record located here: http://www.ripoffreport.com/r/Target-National-Bank/Minneapolis-Minnesota-55440/Target-National-Bank-Target-Red-Card-I-had-asked-them-on-several-different-Occasions-if-th-527926. 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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Updates & Rebuttals

#1 Consumer Comment

What's WRONG With This Picture?

AUTHOR: Cory - (U.S.A.)

"Where is the Government protecting the Consumer on this issue"? WHO do you think ALLOWED the credit card companies to screw the Consumers? Congress "GAVE" the credit card companies TWELVE WEEKS to "work out" the bugs, BEFORE the new laws took effect. Part of those laws were a freeze on interest rates on existing balances.  What do you think the credit card companies did? Raise interest rates as high as they could. Posted about this last week. One local radio DJ was explaining how both capital one AND citi bank had sent him letter last week, telling him his interest rates were going up on both cards to 23.9%. Congress SHOULD have made the laws effective immediately, which they could have done, but instead, gave the SOB's 12 weeks to jack the rates UP, on everyone who owed them money.
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#2 Consumer Comment

Debt Management or Settlement?

AUTHOR: Robert - (U.S.A.)

This is a very important question.

Debt SETTLEMENT companies tell you to stop paying your creditor and pay them instead.  Then after a while(months to years later) when you have enough money with them they "negotiate" with the creditor.  The problem is that during this time you are not paying the creditor so you are in default.  There is also no law that says a company has to negotiate, in fact more and more are refusing to.

A true Debt MANAGEMENT companies still have you pay them.  However, instead of putting the money into an account they pay the creditors an agreed upon amount each month.  This not only reduces your debt, but it also brings you into "current" status.

Now, if you are with a Debt Settlement company, since you are in default with the credit card they can sue you.  Often once they find out you are with a settlement company they WILL sue you.  So if this is your case and you have multiple credit cards, expect the Target card to be the first, but definitely not the last.  In court you really have no defense because you voluntarily stopped paying them in trying to get a better "deal".

Now, if this is a Debt Management Company when you go to court bring all of your paperwork with you.  This includes information from the Debt Management Company showing they made agreements with other credit cards and Target refused.  It would help if you can show proof that you are abiding by those agreements.  Also, bring proof of your bills and any income you have.  This won't get you out of the suit.  But the judge could force Target to accept the Debt Management company offer as a term of the judgment. 

But what ever you do and regardless if you are with a Settlement or Management company, you MUST go to court.  If not they will automatically get a default judgment against you.

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