topic Re: Credit One - STAY AWAY FROM THEM! in Credit Cards

Credit One - STAY AWAY FROM THEM!

Anonymous — Tue, 14 Jan 2020 03:48:28 GMT

When I called them 3 months or so to close the account, balance was $0 that time when I made the last payment before request for account closure then somehow they tried to bill me the AF, I got a bill last week stating that I owe them $99. I laughed, I simply foward this case to attorney general in Nevada.

Guess what, 3 days later, I got letter from Credit One said it dropped all charges and completly closed the account.

My advice, STAY AWAY from them. They're pure evil!

Re: Credit One - STAY AWAY FROM THEM!

M_Smart007 — Tue, 14 Jan 2020 03:51:59 GMT

Lawd have mercy!

Re: Credit One - STAY AWAY FROM THEM!

AllZero — Tue, 14 Jan 2020 03:52:49 GMT

Congratulations on your closure!

Re: Credit One - STAY AWAY FROM THEM!

Tomatoshadow2 — Tue, 14 Jan 2020 03:58:48 GMT

They need to be shut down.

Re: Credit One - STAY AWAY FROM THEM!

Anonymous — Tue, 14 Jan 2020 04:57:56 GMT

@Tomatoshadow2 wrote:
They need to be shut down.

There are lenders who are even more predatory that would jump for joy if Credit One was gone.

Re: Credit One - STAY AWAY FROM THEM!

Anonymous — Tue, 14 Jan 2020 05:17:29 GMT

i'm going to close my card by end of the month after I pay my full balance, because my credit limit is $1,500 and they are charging me $8.25 for account maintenance fee. I'm willing to take the hit to my age of accounts because I have the QS with a limit of $10,000 Venture with a limit of $13,000 and Savor with a limit of $10,000.

Re: Credit One - STAY AWAY FROM THEM!

AllZero — Tue, 14 Jan 2020 05:21:23 GMT

@Anonymous wrote:
i'm going to close my card by end of the month after I pay my full balance, because my credit limit is $1,500 and they are charging me $8.25 for account maintenance fee. I'm willing to take the hit to my age of accounts because I have the QS with a limit of $10,000 Venture with a limit of $13,000 and Savor with a limit of $10,000.

Your AAoA should remain the same. The Credit One account should stay on your credit report for up to 10 years from date of close unless removed earlier.

Re: Credit One - STAY AWAY FROM THEM!

SoCalifornia — Tue, 14 Jan 2020 05:29:26 GMT

Dayumn.

Re: Credit One - STAY AWAY FROM THEM!

AverageJoesCredit — Tue, 14 Jan 2020 13:10:48 GMT

Never heard of them. Id love to have the privilege of donating $99 to their coffers after an account closure.

🥴

Re: Credit One - STAY AWAY FROM THEM!

Remedios — Tue, 14 Jan 2020 14:00:58 GMT

Credit one is not an ideal lender, but sometimes it's a necessary evil to start the rebuilding/building process.

While we like to think of them as evil, google any major lender and fines they had to pay in the last 5-10 years.
Shady is not limited to Credit One.
Luckily you were able to handle it and move on. That's what's supposed to happen with this card anyway.

Re: Credit One - STAY AWAY FROM THEM!

Anonymous — Tue, 14 Jan 2020 14:43:14 GMT

@Remedios wrote:
Credit one is not an ideal lender, but sometimes it's a necessary evil to start the rebuilding/building process.

While we like to think of them as evil, google any major lender and fines they had to pay in the last 5-10 years.
Shady is not limited to Credit One.
Luckily you were able to handle it and move on. That's what's supposed to happen with this card anyway.

Re: Credit One - STAY AWAY FROM THEM!

Anonymous — Tue, 14 Jan 2020 15:13:01 GMT

I've read so much about credit ONE on these forums. I've also got plenty of snail mail offers from them. I'm currently in the garden because I've hit a plateau in my rebuild. Can't seem to get fully out of sub prime Cap1 and get great (> 10K) SL with the big boys (CSP & AmEx Aspire). The little red guy on my shoulder is whispering "since you are in limbo, why not apply for Credit One? It could boost your ut"

The angel on my other shoulder is saying "nope"

OT: I've also got mailers from Mercer is it better, worse or about the same as Credit One?