US Bank Deceptive Practice and Ruins Credit Union Nationwide

I've had US bank Accout for over 10 years.  I think they are a preditory bank and one that I feel I must watch.  Thaty's my opinion.  I think it's supicious the nature of the comments defending US Bank.  So to the possible US Bank Trolls:  

My US Bank mortgage was processed  late and it was an embarrasment to all concerned. 

I think US Bank Holds are excessive and deceptive.  As they say deposits available after so many days. They apparently thinks it's cute to then say theroretically it could be after than 5 days. 

I've so far never had a problem with any check clearing. 

I so far have had zero checks bounce. 

Going back to my orginal thought.  It appears to me US Bank has a macro policy to hold deposits so they can earn higher returns while forcing the comsumer to earn US bank's what I think are low returns.  It's not big money for this individual usually but in the big scheme it adds up in US Bank's favor and takes away from the consumer.  Rather than reducing interest expenses and erning higher returns get cheated waiting on US Banks Hold.  The check clear on the other end for me and US Bank sits on the money while paying next to nothing for intererst.

I'm filing a complaint with the CFPB because I think US bank is pushing the deposit hold time per the Expedited Funds Availability Act.

Also I think US bank pay's low interest rates on their CD's. 

Sorry but the only anger is the anger you are transmitting.

Your original report stated the following...

it is obvious to me they only thing they wanted to do was ruin my credit score that was 800.

Do you now feel that statement is wrong or do you still truly believe that they did this as some personal vendetta against you and only wanted to ruin your credit?

BTW yes I know you said you would never respond again so we may never know. But if you just did happen to respond to that question I wouldn't make anything of it.

Bank are in the business to make money. If you have a card that you haven't used in 12 months. Since they own the card, they can do this. As far as checking your credit, the first was done to help determine if they'd let you keep the card. You agreed to this when you first got/used your card. When you called and requested them to reissue the card, you authorized the second credit check. They can do as they wish with their card, but you don't seem to be disputing the statements of non-use and debt ratio. Sorry, but life doesn't always go as you want it to.

First, you are way too angry to have spent so much time and energy on responding my report. Secondly, you do not my situation well enough to even make the comments that you have.

Obviously, if I had a score of 782 it means I had great credit. Secondly, my debt ratio didn't have anything to do with why they decided to close my account they hardline my credit in August prior to sending me a letter. It was due to non-activity. And when I requested for them to reopen the account- they decided to hardline my credit again and make up false reason to not reopen card while dropping my score even further.  I have several other credit cards that I use for business and which when I use I pay off. My credit report has no negatives.

So this report is valid and US Bank is being abusive. Of course, I knew it was going to expire but for 12 year they have sent me a new one. What was I suppose to call them to tell them to send me a new card? 

I have other credit cards all at 0 balances and when I do use them are paid off and not by the minimum. 

So please direct your anger somewhere else. Perhaps to US Bank.

I will not respond to any other rebuttals or responses. I do plan to reporting US Bank elsewhere as well.

You are right the ONLY reason they closed your credit card was because someone in a back room wanted to get their jollies off by cauisng you grief in closing out the card so it would lower your credit score.

Do you really think you are that important? Do you really think that anyone at that company gives your score even a thought for a single second?  I guess if it makes you feel better to think that you can. But here is the reality.

The ONLY one responsible for your credit score is YOU. A credit card company has the right to lower your credit limit or outright close your account out at ANY time. They don't need to wait until your card expires and they don't even need to give you a reason.  The same thing applies when they decide to raise your credit limit..funny how no one complains then.

Also, interesting how you talk about your 12 year relationship...you hadn't even used the card for a year and it wasn't until they sent you a letter that you had known they had closed your account.

By the way if your score dropped because of the inquiries, it is VERY short term. If you truly have a high debt to credit ratio then perhaps instead of working on trying to get more credit you start working on paying off what you currently owe.