I was told that this was a credit card and could be used as such, like a visa anywhere for purchases and cash advances. It was contracted to repair my credit history. They told me that I would have a $2000.00 credit line if I sent them $200.00 which would be added to my credit line for reimbursement. After receiving the card in the mail, I was disappointed to find out that it was a merchant card and not a credit card. The money and credit line was to be used for the merchandise offered in the enclosed catalogs.
At that time, I figured, okay this is to repair my credit and I can use the $200.00 that I had already submitted to the company. So I looked through the catalog and chose a few items to purchase. I went to fill out the order form, and found that I was required to make a down payment on the order.
I then called the company several times and finally got an answer. A man named Mike told me that to order, I had to put a 35% deposit down on the full order amount. So, I told him that I didn't agree to that along with the understanding that this was supposed to be a credit card to be used anywhere like a visa.
I asked him about the $200.00 that I had already submitted on the account, and he said that I could use the $50.00 gift certificates (four of them enclosed with the catalogs) to access the money in the account, but that I could only use one per order and that could not be used for the 35% down payment.
In addition to the 35% down payment, they also required a 23% charge for shipping and handling on the down payment amount. If the order was less than $25.00 in down payments, it also required a $2.50 surcharge plus the regular shipping charges.
As shady as all of this is, I have not ordered anything and they still have my $200.00.
In addition to all of this, after not ordering for 3 months, the company charged my checking account $30.00 for a non-active account which put my checking account overdrawn. The bank did reimburse me the $30.00 and I filled out a form stating that this company was not authorized to debit my account for any charges other than the initial $200.00 that they had already received.
How can I get my money back? It has been sometime now. According to the card from them, my account does not expire until April of 2007.
These type of companies need to be stopped. It is not bad enough that some of us have had bad experiences on our own with credit, but for people to get away with deception like this is horrible.
Vineland, New Jersey
U.S.A. EDitor's Suggestions on how to get your money back! HERE IS WHAT RIP-OFF REPORT SUGGESTS YOU DO:
Go to your bank within 60 days of the charge, or as soon as you know about the charge, don't delay, and tell them that there has been fraudulent activity within your account. Explain that you wish to file a dispute, and demand that they assist you in accordance with Federal Regulation E.
According to the majority of victims interviewed by Rip-off Report, those who immediately called their banks to dispute the charges did not get very far. Many victims got the following responses from their banks: we could not do anything for you or you waited too long; it has been more than 60 days.
If the bank is says that you have waited too long, explain to them how you called their 800 number as soon as the charges were found, and were told by the bank that nothing could be done. Remind the bank that they failed to assist you properly at the 800 #, and instead, provided you with an inadequate explanation of your right to dispute. Tell the bank that it's their fault time has expired, and since they gave you the wrong info to begin with, they will just have to deal with it, take the loss and reverse the charges.
Tell them the truth; this was unauthorized and your account was NOT to be charged! Keep emphasizing how you never authorized anything! Direct them to the hundreds of victims reports that were filed on Rip-off Report.com. And if you're at the bank, walk them over to their computer and make them go to this site! If you are on the phone with them, tell them you will wait while they access this site! Either way, be persistent! DO NOT TAKE NO FOR AN ANSWER!
Let them know nicely, that you were advised to Report them (the Bank) and this situation to the Banking Commission in your state. Since each state has a different name for the agency/controller over banks, find that name before you call or get to the bank so you can throw it in their face. The more knowledgeable you appear to be, the further you will get.
And just continue to demand the Federal Regulation E form! The bank CAN, MUST and WILL reverse the charge! But, you must be persistent; ask to speak to the supervisor or the area manager for all the branches in the state.
Let the bank personnel know you are meeting with the media later in the day, that you would much rather they do the right thing (as most other banks have) by looking at the complaints and immediately reversing the charge(s) to your account; no matter how long ago it was. Be sure to call the Media if necessary so you are telling the truth.
If you have to, be loud (but nice) in front of other customers. If you are just calling by phone, the above tactics should still work. The bank can easily fax or mail to you the Federal Regulation E dispute form. CHARGES TO YOUR CREDIT CARD
If the charge was to your credit card (not debit card, check card, or checking account), contact the credit card company as soon as possible to request a dispute form. Consumers usually have a little longer to dispute fraudulent credit card charges (up to 6 months), but it is better to act right away. In this type of situation, credit card disputes are usually successful since fraudulent companies often won't contest the disputed charge. In rare cases, credit card companies will review disputes, but refuse to reverse the charges. If this occurs, complain to a manager and let them know you will be filing a report here.
Remember Don't let them get away with it! Make sure they make the Rip-off Report .. The more Reports filed on a Company or individual, the more likely it is that the authorities, media and attorneys will want to take action.
And good luck Let us know how you do!
ED Magedson Founder, Rip-off Report.com & Author of www.ripoffrevenge.com
Don't let them get away with it.
Make sure they make the Rip-off Report!
We are not lawyers.
We are not a collection agency.
We are Consumer Advocates. ...the victims' advocate
WE are Civil and Human Rights Activists
We are a Worldwide Consumer Reporting News Agency ...by consumers, for consumers CLICK HERE to read about Credit Card Scams... find out how to get your money back. *Rip-off Report Investigation provides valuable information.