Merrick Bank also provides installment finance options to consumers through marine and recreational vehicle dealers throughout the country, as well as personal installment loans through digital channels. Why do you suppose that these sub-prime card companies are allowed to operate in this deceptive manner? Founded in 1997 as a wholly owned subsidiary of CardWorks, Merrick Bank is an FDIC insured top-15 Mastercard/Visa issuer of credit cards. Meaning that when youre in the truck stop diesel lane at the pump, you.
Why do you suppose these sub-prime card companies choose to operate in this deceptive manner? 2. A fuel card works like a debit, credit, or gas card. Additionally, notice how some of these sub-prime card websites are set up so you can't see the payment due amount or due date until you get within a "set range" of the impending due date. I have two questions that should make it very clear. CardWorks is a servicer of nationally-branded MasterCard/Visa cards, private label cards, secured cards, and other products, as well as secured and unsecured installment loans. The non sub-prime cards that I have from reputable "real" banks allow me to make any amount of recurring payment I choose. CardWorks Profile and History Founded in 1987, CardWorks is a consumer finance lender and servicer, compliance-focused organization enabled by data and technology. Come on Merrick, nothing like doing everything you can to make it difficult to pay the card off. To make the situation even worse, I went to double my monthly payment so I could pay the balance down more expeditiously, and these scoundrels have the website set up to accept ONLY the minimum, or pay it off in full. After being a customer for over six (6) years, Merrick raised their interest rate by over seven (7)%, so I "opted out" of their card, even so, they applied their new legal-theft interest rate to my balance, which I have not charged against in almost two years. Merrick has made it a standard policy to STEAL from their victims (customers), the consumer. Discover how our cost-effective credit card processing, innovative payment solutions and round-the-clock support are tailor-made to help your business thrive.