Consumer reviews and reports on scam companies, bad products and services
First Premier Bank predatory credit card bank scam Sioux Falls, South Dakota
12th of Oct, 2011 by User980707
I opened an account with First Premier Bank 2 years ago after having suffered identity theft and having over 2 MILLION dollars stolen from me. I bit the bullet and paid over $200 to get a $250 line of credit with a 9.9% interest rate. Since then I am paying $48 annual fee and $7 per month. This equates to 52% of the $250 line of credit. I always pay my account by the due date and most of the time in full each month. Now they raised my rate to 21% saying it is the OBAMA CREDIT CARD LAW. And that they have the RIGHT to change the terms anytime they want. They have an "A+" rating with the BBB since they PAY THE BBB money and yet still scam people. DO NOT, I REPEAT ... DO NOT EVER LET THESE BLOOD SUCKERS GET A DIME OF YOUR MONEY. No matter how honest you are, or how well you pay them, according to them, if they want they can and will keep raising your rates to get as much money as they can out of you.
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