Credit Card Complaints – What Can You Do?

Please note it is your responsibility to evaluate the accuracy, completeness and usefulness of any information, opinion or advice contained in the content below.

COMPLAINTS ABOUT CREDIT CARD FEES OR RATES

Do you have major complaints about credit card fees or their ridiculous rates that’s higher than a loan shark?

With current state of the economy, it’s no surprise we are hearing an increased number of backlashes and revolts.

Complaints for the credit card solution can be resolved by following these four tips:

(1) Write a letter to your bank a written description of the issue. Say what you’d like done. Be Clear and concise. If you must, try registered mail or certified mail, although that’s an extra cost.

There’s still a lot of competition in the industry and banks and credit cards want your business.

But might even consider taking your business elsewhere, but…

(2) Consider taking your business elsewhere. Just be aware that closing accounts, especially those with a long credit history, could hurt your credit score.

Shop for low-rate, low-fee cards at Bankrate.com, CardWeb.com and CardRatings.com.

(3) Try notifying regulators (for US based card holders):

The Office of the Comptroller of the Currency (www.occ.treas.gov) regulates national banks.

The National Credit Union Administration (www.ncua.gov) oversees credit unions.

The Office of Thrift Supervision (www.ots.gov) regulates thrifts.

(4) Send a copy of the complaint to your legislators and to consumer advocacy groups such as Consumer Action and Consumers Union.

You can search for elected officials by entering your ZIP code on Consumer Action’s website, at www.consumer-action.org.

Consumers Union, publisher of Consumer Reports, has a sample Email on its site (www.consumersunion.org) to send lawmakers if you favour reform of credit card practices.

If any of these tips work for you, please post a comment below.

Debt Consolidation Loans and Other Dept Options Explained - The Post-Standard...

22 Aug 2010 at 10:32am
Debt consolidation loans are one of several effective options one has today for the reduction and better management of personal debt. Consolidation loans have their pluses and minuses, therefore today we ...

Analyzing Debt Consolidation Methods: Snowball Vs. Avalanche - Associated Con...

31 Aug 2010 at 7:11pm
Mounting credit card debt has become one of the most common problems today. If your debt is giving you nightmares and reducing credit card debt has become very important for you, then you can try the ...

Eliminate Credit Card Debt By 50% - Use Debt Relief Solutions That Work - Zimbio

2 Sep 2010 at 7:02pm
For the most part, people use common sense when it comes to the use of credit cards, but unavoidably they may lose their jobs or suffer a decrease in their income due to the economic status. This may lead to serious ...

Credit Card Debt Relief and Consolidation Programs Helping Many Today - msnbc...

1 Sep 2010 at 9:37am
Credit card debt relief and consolidation programs are today helping many individuals and families to lower their credit card debt, consolidate into a single and much more affordable program payment, and establish a ...

Drowning In Credit Card Debt? Help Programs Available - The Post-Standard - S...

2 Sep 2010 at 2:01pm
debt consolidation, and credit counseling programs. These programs work directly with a person's creditors to lower their credit card debt burden. These programs work fast and are proven to be effective. To learn ...

Report: Average credit card debt in Hawaii falls - Oregonian

26 Aug 2010 at 1:26pm
HONOLULU (AP) ? The credit reporting agency TransUnion says the average credit card debt in Hawaii in the second quarter was the third-highest in the nation at $5,594. The figure represents a 1.6 percent decline from ...

Credit Card Debt Drops to Lowest Level in 8 Years; Dakotas Have Lowest Delinq...

25 Aug 2010 at 8:34am
The amount consumers owed on their credit cards in this year`s second quarter dropped to the lowest level in more than eight years, as cardholders continued to pay off balances in the uncertain economy. The ...

How Credit Card Debt Relief & Consolidation Are Helping Many With So Many Ame...

13 Aug 2010 at 10:57am
SAN FRANCISCO, CA -- (Marketwire) -- 08/13/10 -- Credit card debt relief : & consolidation is an excellent option today for consumers who are buried in personal credit card debt. Relief programs are helping many today ...

Drowning In Credit Card Debt? Help Programs Available - The Post-Standard - S...

2 Sep 2010 at 2:01pm
Credit card debt can be effectively lowered with the help of an intelligent debt relief and debt management program today. Though it can take some determination, it is possible to get out from under credit ...

Eliminate Credit Card Debt By 50% - Use Debt Relief Solutions That Work - Zimbio

Tagged:

Free Newsletter

Sign up for the free Daily newsletter, filled with tips and ideas on avoiding credit card debt, credit history, tips on getting out of credit card debt, and more. Your email address will be kept confidential and won't be shared. Easily unsubscribe at any time.

If you enjoy the free information available on this site, you're sure to enjoy the free newsletter as well:

Share and Enjoy:

October 14 2009 12:07 am | Credit Card and Credit Card Rate and Credit Reports and Credit Score and Debt Solutions

Trackback URI | Comments RSS

No Debt Anymore .org

Advice on credit repair, credit reports and debt solutions