ED Magedson – Founder
carecredit Unfairly raised interest rate Internet
I signed up for this credit card with a dentist's office two years ago. It was never disclosed that the interest rate would change. My last statement showed a red letter warning that if I did not pay the balance my rates would go up. I called them and was told that my first year was a Promotional period. (I have had the account for 2 or more years at 12%).
I was then charged retro for the past year which added $120.00 to my balance and was then told the new interest rate will be a whopping 26.99%.
If I pay the minimum it will take 6 years to pay off totalling $1,757.00
I think this is loan sharking at its worst.
So much for dental care for me for a long while.
This report was posted on Ripoff Report on 05/11/2013 06:18 PM and is a permanent record located here: http://www.ripoffreport.com/reports/carecredit/internet/carecredit-unfairly-raised-interest-rate-internet-1050199. 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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