Complaint Review: Washington Mutual Credit Cards - Arlington Texas
- Washington Mutual Credit Cards P.O.Box99604 Arlington, Texas U.S.A.
- Phone:
- Web:
- Category: Credit Card Processing (ACH) Companies
Washington Mutual Credit Cards Credit Card Disclosure Arlington Texas
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I applied for a Washington Mutual Credit card in Keizer OR. last April. I told the young woman I wanted a different card because the default rate on a card I had was about 30%. She assured me that WA MU was lower. She could only give me a generic Statement of conditions but assured me a fuller disclosure would accompany my acceptance.
Some time later I received a card and disclosure information with a welcome to Wa Mu. The default rate was the same or higher than my old card. I cut the card in half and informed them I was no longer interested. I never used the card.
Now, six months or so later, I still get inquiries wondering why I'm not using my WaMu acct. and inviting me to transfer balances or take a cash advance.
I regard the default rates of 30% or more (for being one day late) as usury and highly immoral. My finnancial advisor calls it a license to steal money. It may be legal but is highly immoral.
I wish Washington Mutual would recognize the fact that I will not carry or use their card and wish my account closed.
Mike
Hall, Montana
U.S.A.
This report was posted on Ripoff Report on 10/21/2007 01:24 PM and is a permanent record located here: https://www.ripoffreport.com/reports/washington-mutual-credit-cards/arlington-texas-76096/washington-mutual-credit-cards-credit-card-disclosure-arlington-texas-280120. 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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