Credit One Bankfcra violations

A
This review was posted by
a verified customer
Verified customer
Review updated:

Allan Shutt, Robert Dejong and Narine Yenovkian of Credit One Bank defraud consumers by promoting a credit card that looks identical to Capital One Bank. In their solictations, you are told you will receive a credit line of up to $1, 000. It ends up being $300, with a monthly fee of $8.25 on top of the interest at 23.9.

When I paid off the alleged balance, which I dispute, it took two attorneys: both Allan Shutt and Narine Yenovkian to determine the final balance! Now they continue to report inaccurately.

This company is owned by the Sherman Group, the largest debt collector. LVNV debt collections and several other debt collectors are situtated adjacent to Credit One Bank at 585 Pilot Road. In fact, the collections manager for the bank also works for three other debt collection companies.

If you take issue with Credit One Bank, do a google search on "Credit One Arbitration" and you will find resources to combat Credit One Bank's deceptive practices and slimy attorneys, especially Allan Shutt.

Responses

  • No
    notn2bestbye Apr 26, 2019

    To file a complaint against Credit One Bank you can call [protected].

    0 Votes
  • No
    notn2bestbye Apr 26, 2019

    While it is true that you signed an arbitration agreement. That doesn't stop you from filing complaints with the various government and state agencies who can investigate and bring charges against Credit One Bank. It's helpful to come online and share your experiences to prevent others from doing business with them. However I wish more people would also file complaints with the Nevada Attorney General, the Federal Trade Commission and the organization that oversees banks.

    0 Votes
  • Mo
    MoeRF Apr 07, 2019
    This comment was posted by
    a verified customer
    Verified customer

    WELL, there is something called BUSINESS & PROFESSIONS CODE 17200. What they are doing meets the requisite elements of an "UNFAIR" business practice which is one of the Three prongs based on violation of each one you can sue. The prongs are: (a) Unlawful, (b) Unfair, and (c) Fraudulent.
    The good thing about 17200 is recovery for cost, and reasonable attorney fee as well as PUNITIVE DAMAGES.
    In reality 17200 is the Lord's gift to consumers to go after perpetrators of fraud on the public. USE IT . IT IS VERY EFFECTIVE.

    0 Votes
  • Te
    tennisgirl Dec 04, 2014

    Credit One and Capital One have the exact same logo.
    Citi Credit and Citibank are both part of CitiGroup, technically they are the same company. If you're talking about another Citi Credit, then my apologies
    Credit One does not clearly disclose their annual fee. They state it's $99 per year billed at $8.25 monthly. Not exactly. The monthly fee is added to your balance and then you're charged interest on the whole thing. Their interest rate is 23.9% annually or 1.99% a day.. That $8.25 accrues 16 cents in interest per day because it accrues from the posting datet. At MINIMUM, the annual fee is $100.25. That would only be if your balance were zero AND you paid the $8.25 the day after posting. The annual fee is at minimum $100.25, and that's what they should disclose.

    1 Votes
  • Ac
    Academy Bank Unfair to Military Families Dec 02, 2014
    This comment was posted by
    a verified customer
    Verified customer

    What does binding arbitration have to do wuth posting? You comment negatively on everyones post but you discourage free speech?

    1 Votes
  • Mk
    MkStItCh Dec 02, 2014

    In addition, you agreed to a binding arbitration regarding about your dealings with Credit One bank and you are still posting here.
    Based on your lack of integrity in that case and your choice to make rude comments in private I am guessing that you deserve whatever you get.

    -1 Votes
  • Mk
    MkStItCh Dec 02, 2014

    Please do not send personal messages to me about the comments posted as it is against the rules of the complaint board.
    The message was sent to the administrator of the page.
    This is a public forum and subject to peoples opinions.
    If you do not want people to comment on your post then don't leave them on this site.

    Thanks

    -1 Votes
  • Ac
    Academy Bank Unfair to Military Families Dec 01, 2014
    This comment was posted by
    a verified customer
    Verified customer

    Capital One's trademark swoosh was copied by Robert DeJong. Capital One is a global leader. Credit One is a small bank that only slings subprime cards. That is deceptive. Not all banks have arbitration. Capital One does not. They learned.

    Out of thousands of complaints not one person claimed to receive $1000 credit line. That is deceptive...up to means possible. It is not possible. Very deceptive.

    The collection manager works for debt collection companies owned by Credit One she stated...under penalty of perjury.

    There is good reason Credit One is rated so poorly on yelp and so many boards. Because of their deceptive practices.

    1 Votes
  • Mk
    MkStItCh Dec 01, 2014

    #1- How does it look like a CAPITAL ONE credit card? There are only so many things they can put on a credit card LIKE a VISA of MASTER CARD LOGO as well as the name of the bank and the Logo that they have. That's like saying Citi Bank and Citi credit have logos that look alike. Two different companies with similar names and logos happen all the time.

    #2- A limit UP TO $1000 means that it could be a $1 limit or a $1000 as well as anything in the middle. I think the $300 falls in that range.

    #3- The monthly fee would be on the disclosure paperwork that you got once you are approved. If you did not want to pay the fee then you do not use the card and you close the account. By using it, you have agreed.

    #4- I am guessing that the Collections Manager works with the collection companies and not for them.

    #5- ALL banks have Arbitration issues and to look up just 1 is a waste of time.

    1 Votes

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