Complaint Review: CREDIT ONE BANK - LAS VEGAS NEVADA

Contrary to your comments the people posting here do understand quite well.  There is at least one true attorney who has posted, and others that have provided very relevant and correct information.

When you stopped sounding like some toddler throwing a temper-tantrum with your posts, you almost started to sound like a reasonable person.  Unfortunatly, it then turned into just additonal proof that you have no idea how to properly manage your credit.

My credit is pretty good, with scores in the low 700's from one credit bureau; with no collections & no unpaid debts.

- You may have a 700+ credit score with one company, but under what model? FICO-8? FICO-3? Vantage 3.0? PLUS? What about the other 2 agencies scores? What about payment history?

When you say you have "unpaid debts" this infers that you are debt free, but that goes against your inital claims of you getting this card to try and reduce your debt. 

When those companies provided you with a reason for denial one reason was not enough available credit.  They aren't saying...get more credit..they are saying pay down the debt you have.  If this was a standard denial letter, they would have provided you 1-2 additional reasons.  What were those reasons?

By you opening up credit cards(and according to your narrative several credit cards) in a short period of time you actually caused yourself more damage than you are helping with your credit.  If you say this is the only card you opened, again that doesn't match with reality and your reasoning. As a single low-limit credit card is not going to magically give you enough available credit to make a difference.

And I did not write this initial report for my own sake, but to give a voice to the poor, unsuspecting people who get taken in by their scam, and are the least able to defend themselves. 

- You can keep saying this and eventually you may believe it. But everyone on this site sees right through this comment. You admit you knew about the annual fee, yet somehow failed to see that it was billed when you open the card. You failed to follow up to figure out when they would bill it. Your complaint then came in when they refused to remove the legitimate reporting of you being late and missing 2 payments.

This has nothing to do with a person being "low income". This has to do with a person failing to read the terms they are agreeing to. Which for some who claims to be an attorney we can infer you don't fall under this "low income" umbrella, it just comes down to you failing to take responsibility.

Good luck, and perhaps you should spend some of your engergy actually locating a good credit education course. Just don't expect them to say much if anything different than the people posting here are saying.

It seems abundantly clear you have no clue as to how a credit score is derived.  This sentence pretty much spells out your ignorance:  Since I wanted to increase my available credit and decrease my debt, I kept the card in my pocket and made no charges, whatsoever. And I was extremely careful because I was attempting to improve my credit, and doing the smallest wrong thing could adversly affect your credit. 

You do not improve your credit by obtaining a sub-prime card and then decide you aren't going to use it.  The way you actually improve your score is by (a) using a card, AND (b) paying the debt off before the due date.  Actually paying down debt also improves your score. 

Obtaining another card, does not improve your score - in most cases, it actually drops your score by a small amount (10 points or so) since the CC company will make a soft inquiry on your credit before issuing you a card. 

If you were really interested in increasing your available credit, then you could have taken one of your existing credit cards, called the company, and have them increase your available limit.  No inquiry would be made in such a situation.  Now your score would not improve either, but it wouldn't be adversely affected.  If you don't have a credit card, then yes, paying off the debt is really the only way to improve your score.

This Fraud on their part is deplorable, especially since they are preying on low income people who are the least able to fight back.  It would not be fraud since payment of the annual fee is clearly stated on their website.  The fact you missed that little tidbit of important information is irrelevant - you can't claim fraud if the fee is clearly marked anywhere within a website, the account agreement, or anywhere else. 

 If you are a low-income person, the best piece of advice a money manager would give you is not to obtain a credit card.  Stick to a debit card and cash.  If your checking account is under $200, then put away the debit card and stick to cash.  Don't put yourself in a situation where overdraft fees cost you even more.

Finally, don't bother responding in a situation in which you obviously ripped yourself off.  All of the people who have commented here, except you, are correct.  This is a sub-prime card and even moderately intelligent people know to avoid such a card in the first place, since no one with any intelligence would accept the idea of paying the annual fee upfront. 

If you have any doubt, then please look in a mirror and keep reminding yourself that you are wrong.  Then, find a website that can help you research on how to improve your score, so that you are no longer a poor person, because the statement I boldfaced in the beginning that you wrote is absolutely incorrect.

I don't think that you understand my objective. You sound intelligent & I agree with most of what you said. My credit is pretty good, with scores in the low 700's from one credit bureau; with no collections & no unpaid debts. But the reason I was rejected by a couple of lenders for a large loan, was "Not Enough Available Credit".

Accordingly, my sole focus was to so increase it. Obtaining a number of credit cards helped to remedy that problem. And I did not write this initial report for my own sake, but to give a voice to the poor, unsuspecting people who get taken in by their scam, and are the least able to defend themselves. 

Your deplorable mendacity is overshadowed only by your serious lack of brain power!  For me to respond to every point (you tried to make, but were unable to due to your lack of ability to put more than 2 words together to form a coherent sentence) would be like responding to the utterances of a (very dumb) 6 year old kid! "The only people who get these cards are those who could not get regular credit cardsbecause they have trashed their credit so much"??? You ignorant and lying sack of crap!! My credit score is over 700 and I have plenty of "Regular Credit Cards", but to the many offers I get by choosing several cards--for the sole purpose of incresing my available credit. Your lies go on and on: I NEVER said I had BAD CREDIT! And I certainly NEVER said that BAD CREDIT was NOT MY FAULT! I NEVER said the purpose of the card was to reduce my debt! (I said I was trying to reduce my debt-NOT By the Card, YOU IDIOT!  You are unfortunate dumb animal, attempting to lie your a*s off--but are unable to do so effectively! And worse, your adament attack is DUE TO YOUR SPECIAL INTEREST in the industry and your futile attempt to attack, with spurious claims is emblematic of what A  disgusting, CORRUPT INDIVIDUAL YOU ARE! Why don't you crawl back under your rock!  

 Every attorney I know, including one I know very, very well who is on this site regularly, knows the difference between "there" and "their"; knows the necessity of reading the "The Terms and Conditions" of ANY document they sign; knows you cannot increase your credit score by NOT using credit and most of all, would provide an intelligent point-by-point rebuttal rather than the sorry, worn out, immature "you must work for them" whining! Not only that, but those of us who are on this site regularly, including that attorney I know very, very well are fully aware of how those who don't have an intelligent rebuttal will often embellish the story, their position in life and their finances. I rest my case!

Brainless is a very good choice of words because it describes your post, as here are a few facts for you.

This is a Sub-Prime, High Interest, High Fee card. The ONLY people that get this card are people that could not get a regular credit card because they have trashed their credit so much. So don't come here trying to come back saying you had a choice of different cards, or that you don't have bad credit because if that is truly the case you really were brainless in taking this card.

Oh and also don't say that your bad credit was not "your" fault. Because you are still showing classic signs of a Sub-Prime borrower who doesn't really understand credit.

Since I wanted to increase my available credit and decrease my debt, I kept the card in my pocket and made no charges, whatsoever.

First off your statement that you got this credit card to "reduce" your debt is laughable at best. You don't reduce your debt by applying for a high-interest, high-fee, low credit limit sub-prime card. You reduce your debt by actually paying off the debt.

Next, any help in your utilization would be negligable. Because for you to be stuck with this Sub-Prime card that means that your credit is so trashed and has multiple negative items on it. Where this little reduction in your overall utilization would have a minimal effect.

And I was extremely careful because I was attempting to improve my credit,

- Based on your actions that is a false statement. Because if you were extreamly careful you would have made sure you read all of the terms of the card which are on the Truth in Lending disclosures which by Federal law you would have seen and are not "Fine Print".

and makes no reference as to the actual "Due Date", nor in what manner it is to be paid (Such as, in payments, all paid at once, etc.)

- And of course as someone so concerned about making any mistakes it never occured to you to have those questions answered before you got the card.  I am curious though, since you had at least one 30 day late, and 2 late payments you actually didn't discover this until at least 60 days after you got the card, and likely close to 90 days. Exactly when did you think they would charge you this fee?

Oh and no I do not work for them or any Credit Card.

That one response to my Rip Off Report is not only idiotic, but is emblematic of his obvious affiliation with the company, or a similar one in the industry; No other reason could exist for his being so apoplectic over information one can only see by clicking the small print at the very bottom of the page (Under The Content). And even then, the only relevant clause, which he refers to, out of a myriad of refrences and calculations, simply states that said annual fee will be "billed to your account when it is opened & will reduce the amount of your available credit"--and makes no reference as to the actual "Due Date", nor in what manner it is to be paid (Such as, in payments, all paid at once, etc.).  In my mention of Credit One "preying on low income people", I was certainly not referring to myself; I'm an Attorney, and am far from "Low Income". But, I DO have compassion for people who are, unlike the writer of this response who is heartless, as well as brainless! 

 If YOU would have read the card holder agreement, YOU would have seen the Annual Fee is billed when you get the card. I saw that on their website and I'm not even a card holder! There's no preying upon anybody. If you're so poor then maybe you shouldn't have a card you can't afford.