Really Merrick Bank????

bluewillow · ‎08-06-2012

A few months back when my score hit 754 I went on an app spree resulting in NFCU card, Chase Explorer card, Citi Diamond Preferred card, Discover card, Boscovs Store card and Dilliards AMEX, I only wanted store card but they approved for Amex.

I've had Merrick for about 10 years and this weekend I get a letter reprimanding me for opening too many new accounts in a short time and could result in them closing my account...REALLY did they happen to notice also the sub prime cards I closed after opening the new accounts....

Won't break my heart if they close me out....

tboy1977 · ‎08-06-2012

What is your APR with them? I got an invitation from them in April, but since I had Cap1, PNC and NFCU I didn't worry about them. 32% APR is high, even for subprime.

Starting scores: EQ 420, EX 421, TU 405 (Jan 2011)
Bk Ch 7 Discharged Mar 2011
Current scores: Julty 2019: TU - 655, EX - 619, EQ - 640
FICO Dream Scores: EQ 700+, EX 700+, TU 700+

Credit accounts: 22% APR auto loan (Mar 2017), Secured [Coke (4000), Discover (1000)], Unsecured [CreditOne $1500, Walmart $150, Target $200], World Finance: $1500, Courtesy Finance: $700, Speedy Finance: $1200 (charged-off)

john398 · ‎08-06-2012

i thnk a lot of us recieved that letter, see my thread

http://ficoforums.myfico.com/t5/Credit-Cards/letter-from-Merrick-Bank/m-p/1522648