cancel
Showing results for 
Search instead for 
Did you mean: 

CreditOne equals most complaints yet is the fastest growing Credit Card Company

Senior Contributor
Message 1 of 8
7 REPLIES
Established Contributor

Re: CreditOne equals most complaints yet is the fastest growing Credit Card Company

Smiley Surprised Uncurable Credit Cancer

 

1) $579M in fees earned in one single year,

2) "Others said they were deceived by Credit One's logo, which looks similar to that of Capital One Financial..."


Life was a lot simpler when what we honored was father and mother, rather than all major credit cards. ~Robert Orben

SCORES: Excellent · 830 to 848
INQUIRIES: 0
UNIVERSAL REVOLVERS: $200K Club
NUMBER OF CC ACCOUNTS: Less than 10
CARD USAGE: Minimal
CREDIT HISTORY: Very Lengthy · Seasoned Accounts
INCOME: Sufficient
UTIL: 1-2%
PYMTS: 100% Positive · Always PIF · AZEO
INSTALLMENTS: No thanks!
ASSETS: 100% Equity
TOTALLY REFUSE TO: Pay Interest or Annual Fees, Combine Accounts, Reduce Limits, Submit 4506-T, SCT, App Spree, Accumulate Inquiries, Do business with Comenity, Synchrony, Cap One, Wells Fargo, Citi, Barclays or any other credit-cancerous lending institutions
Message 2 of 8
Established Contributor

Re: CreditOne equals most complaints yet is the fastest growing Credit Card Company

Not yet snagged by CFPB?

Life was a lot simpler when what we honored was father and mother, rather than all major credit cards. ~Robert Orben

SCORES: Excellent · 830 to 848
INQUIRIES: 0
UNIVERSAL REVOLVERS: $200K Club
NUMBER OF CC ACCOUNTS: Less than 10
CARD USAGE: Minimal
CREDIT HISTORY: Very Lengthy · Seasoned Accounts
INCOME: Sufficient
UTIL: 1-2%
PYMTS: 100% Positive · Always PIF · AZEO
INSTALLMENTS: No thanks!
ASSETS: 100% Equity
TOTALLY REFUSE TO: Pay Interest or Annual Fees, Combine Accounts, Reduce Limits, Submit 4506-T, SCT, App Spree, Accumulate Inquiries, Do business with Comenity, Synchrony, Cap One, Wells Fargo, Citi, Barclays or any other credit-cancerous lending institutions
Message 3 of 8
Senior Contributor

Re: CreditOne equals most complaints yet is the fastest growing Credit Card Company


@SOGGIE wrote:
Not yet snagged by CFPB?

What they are doing is "legal" per se, kind of the payday lenders of the credit card business. Being that its part of Sherman LLC  aka LVNV I'm pretty sure they don't give a "hoot" (sub whatever word you feel fits) about complaints as long as they are rolling in the money. 

 

I'm sure the CFPB has its share of complaints on ALL of Sherman LLC's companies. 

Message 4 of 8
Established Contributor

Re: CreditOne equals most complaints yet is the fastest growing Credit Card Company

Being that there exists an element of consumer confusion, I'm surprised Credit One hasn't been hit with a 'Cease and Desist' yet regarding logo similarity.

https://www.quora.com/Would-a-company-like-Capital-One-have-a-legal-case-against-a-company-like-Cred...


Life was a lot simpler when what we honored was father and mother, rather than all major credit cards. ~Robert Orben

SCORES: Excellent · 830 to 848
INQUIRIES: 0
UNIVERSAL REVOLVERS: $200K Club
NUMBER OF CC ACCOUNTS: Less than 10
CARD USAGE: Minimal
CREDIT HISTORY: Very Lengthy · Seasoned Accounts
INCOME: Sufficient
UTIL: 1-2%
PYMTS: 100% Positive · Always PIF · AZEO
INSTALLMENTS: No thanks!
ASSETS: 100% Equity
TOTALLY REFUSE TO: Pay Interest or Annual Fees, Combine Accounts, Reduce Limits, Submit 4506-T, SCT, App Spree, Accumulate Inquiries, Do business with Comenity, Synchrony, Cap One, Wells Fargo, Citi, Barclays or any other credit-cancerous lending institutions
Message 5 of 8
Valued Member

Re: CreditOne equals most complaints yet is the fastest growing Credit Card Company


@SOGGIE wrote:

Being that there exists an element of consumer confusion, I'm surprised Credit One hasn't been hit with a 'Cease and Desist' yet regarding logo similarity.

https://www.quora.com/Would-a-company-like-Capital-One-have-a-legal-case-against-a-company-like-Cred...


As much as I dislike Credit one they did have the logo first in 2006, then Cap One copied it in 2008.

https://www.bloomberg.com/news/articles/2017-12-05/the-strange-case-of-the-look-alike-credit-cards

Starting Scores 02/01/2017 - Fako: EQ 498 / TU 519 / EX /502 (11 collections, 3 tax liens, 1 30 day late)
Current Scores 07/19/18 Fico 8: EQ 721 / TU 731 / EX 736 (Clean report except 1-30 day late +3yrs)
AoOA = 5.5 years; AAoA = 16 mos.; AoYA = 4 mos | INQs EX 5 EQ 4 TU 6 | Util. 7%
Message 6 of 8
Senior Contributor

Re: CreditOne equals most complaints yet is the fastest growing Credit Card Company


@Surffisher wrote:

@SOGGIE wrote:

Being that there exists an element of consumer confusion, I'm surprised Credit One hasn't been hit with a 'Cease and Desist' yet regarding logo similarity.

https://www.quora.com/Would-a-company-like-Capital-One-have-a-legal-case-against-a-company-like-Cred...


As much as I dislike Credit one they did have the logo first in 2006, then Cap One copied it in 2008.

https://www.bloomberg.com/news/articles/2017-12-05/the-strange-case-of-the-look-alike-credit-cards


Great find! Interest article - I still hate their "business model" Smiley Mad

Message 7 of 8
Established Contributor

Re: CreditOne equals most complaints yet is the fastest growing Credit Card Company

They're usurious scums no doubt, yet I can't help but think they wouldn't be in business if people weren't so desperate for credit they'd pay all their outrageous fees just to get a useless toy limit card that may not even have a grace period. Especially so when you have the OpenSky secured card that only has a $35 AF and doesn't even do a credit check.


8/4/18:

Message 8 of 8