Complaint Review: Direct Merchants Bank a.k.a. DMCCB - Nationwide
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- Author Not Confirmed
- Direct Merchants Bank a.k.a. DMCCB www.directmerchantsbank.com Nationwide U.S.A.
- Phone:
- Web:
- Category: Credit & Debt Services
Direct Merchants Bank AKA DMCCB ALL DIRECT MERCHANT BANK RIP-OFF TO CUSTOMERS ELIGIBLE FOR RECOMPENSATION consumer fraud ripoff Nationwide
*UPDATE EX-employee responds: If you cancel, it is ignored, and the fee's keep on going as well as the derogetory entries on your credit report
*REBUTTAL Individual responds: disputed charge to paypalnkya
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I have read several entries about Direct Merchant Credit Card Bank and they all sound the same, including my own.
You pay a fee and get a Mastercard that is pre-loaded with overpriced services you can't/won't use. If you cancel, it is ignored, and the fee's keep on going as well as the derogetory entries on your credit report.
You have recourse though:
You can file a small claim against them. Yes it will cost you a bit of money, but you can get a fairly large award, plus your credit cleaned up. Since they are routinely guilty, it won't be hard to get a favorable judgement.
Below are examples of what Direct Merchants Bank are guilty of, and how to fight.
FCRA (Fair Credit Reporting Act) Section 623 Failure to report a disputed debt. $1000.00 Award available to Plaintiff(s)
FDCPA Section 807(8) Direct Merchant Bank and assigns not reporting a disputed debt as disputed to the credit bureaus.
FCRA Section 605(c) Running of Reporting Period. They re-age your account by changing the date of last activity in order to keep negetive info on your credit file. $1000.00 Award available to Plaintiff(s)
FDCPA (Fair Debt Collection Protection Act Section 809(b) FTC Opinion letter Cass from LaFevre Pursuing a debt not validated.
FDCPA Section 805 (a)(1) (a)(3)(b) Calling at your home or work when asked not to do so, or at inappropriate hours before 8:00am or after 9:00pm $1000 Award available to Plaintiff(s)
FDCPA Section 806-807 Harrassment or threats of wage garnishment, property seizure or arrest. $1000.00 Award available to Plaintiff(s)
You can go to their web site at www.directmerchantsbank.com and contact them. If you tell them about taking them to court they are more apt to listen. They don't want to lose thousands to get three or four hundred dollars.
I am exploring a class action suit, as well as trying to get the Interstate Commerce Commission and Attorney Generals Office and the U.S. Post Master to investigate their deceptive practices and fraudulent activity. It is Federal Wire Fraud because they use the mail to rip people off.
Good Luck, and Hope you win big!
CA
Chicago, Illinois
U.S.A.
This report was posted on Ripoff Report on 12/10/2002 10:43 PM and is a permanent record located here: https://www.ripoffreport.com/reports/direct-merchants-bank-aka-dmccb/nationwide/direct-merchants-bank-aka-dmccb-all-direct-merchant-bank-rip-off-to-customers-eligible-for-37850. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#2 UPDATE EX-employee responds
If you cancel, it is ignored, and the fee's keep on going as well as the derogetory entries on your credit report
AUTHOR: Retention - (U.S.A.)
SUBMITTED: Sunday, January 29, 2006
"You pay a fee and get a Mastercard that is pre-loaded with overpriced services you can't/won't use. If you cancel, it is ignored, and the fee's keep on going as well as the derogetory entries on your credit report."
That's simply untrue. I am an ex employee so I hold no particular loyalties to them anymore . The accounts are not preloaded with anything unless you pre selected at time of application the debt waiver services. Most people just fill out the document, put your name, fillout SSN, date of birth, mothers maiden name, address, check off on "Yes please add a secondary account holder", check off on whatever, next thing you know you check off on the debt waiver because the person just wants to get it done and get their card because, the holidays are coming and Jimmy wants a train set. Look when a person doesn't want a service you get transfered to that service you tell them you don't want it they try to retain you and if you say no and refuse their offer to retain your business its the end of that. It is actually quite simple.
I am impressed by the research you've done. I can't validate each one but they may all be factual. I know there have been cases of class action suits against DMCCB as there are with probably all card issuers.
#1 REBUTTAL Individual responds
disputed charge to paypalnkya
AUTHOR: Mark - (U.S.A.)
SUBMITTED: Thursday, November 04, 2004
At no time did I make or authorize a charge to pay pal NKYA for the amount of $68.00 on 10/21/04.
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