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Report: #176181

Complaint Review: Merrick Bank - South Jordan Utah

  • Submitted:
  • Updated:
  • Reported By: washington District of Columbia
  • Author Confirmed What's this?
  • Why?
  • Merrick Bank 10705 S Jordan GTW 200 South Jordan, Utah U.S.A.
  • Phone: 801-5456600
  • Web:
  • Category: Banks

Merrick Bank Corporation ripoff I closed my MasterCard account on 12292005 South Jordan Utah

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Some time ago I applied for a $300 secured mastercard with Chase Bank - a year later my account was sold/transferred to Merrick Bank. Unbeknownst to me my interest rate that was originally 14% percent had was raised to 17.9% without explanation other than Merrick's standard answer to any questions "it's company policy see your cardholder's agreement".

On December 28, 2005 at 9:38 p.m. I contacted Merrick Bank customer service via their 800 number and requested my account be closed additionally, I and requested that my security deposit be returned. I was told that my deposit will be returned 60-days after the account is closed. This is unacceptable my account is closed. I want my deposit and I want it now.

It is unfair that my security deposit is being held hostage on the basis of a so call policy. I contacted Merrick Bank customer service and ask to speak with someone in the senior management team and the representative refused to put the call through. At this point I pulled Merrick Bank profile from D&B and I am sharing it with anyone who might be experiencing a similar problem. I am sure I will get the matter resolve but I felt consumers need to know about this type of practice.

I am happy to say that my credit is improving at an incredible rate therefore companies like Merrick Bank and others are no longer necessary means to obtain credit.

I hope you find the attached profile of Merrick Bank useful and as I gathered more information I will post it.

Michael
washington, District of Columbia
U.S.A.

This report was posted on Ripoff Report on 02/14/2006 07:57 AM and is a permanent record located here: https://www.ripoffreport.com/reports/merrick-bank/south-jordan-utah-84095/merrick-bank-corporation-ripoff-i-closed-my-mastercard-account-on-12292005-south-jordan-ut-176181. 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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