I took clients out for lunch yesterday, and when I went to pay the bill I was told that my card was declined embarrassing me greatly in front of clients and also resulting in a lost sale for my business. I had a 3,000.00 credit line and had used about 400.00 when this institution decided to lower my credit line to 500.00 or six hundred. I never experienced anything like it before in my life, and surely will not recommend this card or bank to any of my partners, or business associates, let alone business people I know throughout. I have told them to re-instate the credit line immediately, or we are through doing business, the account will be closed, They had no right to do what they did let a alone without notifying me, even with notifying me, there is and or was no reason for it, other then their whim. Stay away from from this card and or Bank, they should not be allowed to do business in this country period.


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1. Written by Lynn Mckeith Valu-X, on 23-10-2008 10:52

First Equity should not be in business with the public and or business, this and GE Bank are the worst credit companies in this country and out of it as well. they should be out of business.

2. Written by Phoinix, on 22-10-2008 20:15

Oct 22,2008 

 

Our company also has a First Equity CC that we have had for a few years. Our credit line is $10,500, and as of today we have an outstanding balance of 2K. We pay about 2K a month. I'd like to add that we have never even once been late on any payments, as the payment is sent in 5 days before the due date.  

 

Today all of a sudden the card does not work. WTF is this? I called the Customer Service agent and was told that the acct was on a Corp Review and not to be used at this time. What that means is anyone's guess. I did speak to a Supervisor who said she has no explanation and that she will send in a request to have this review stopped. I asked for a contact at Corp but they don't have that information. Oh they have it, but you ain't getting it. 

 

She said to call back in two days to see if this has been corrected.  

 

Well, I have a great solution. I am going to have our accounting dept pay this acct in full and close it. We charged over 45,000.00 in 2007 and owe a stinking 2 grand and you did this to our company.  

 

So Mr. First Equity agent. Tell me why this happened in the first place and why a good customer such as our company has to endure this type of treatment? We don't! I just now activated a Corp card that we have had with Washington Mutual. Bet they won't treat us this way.  

 

Maybe as the other poster mentioned...You have the money problems, we DON'T!!

3. Written by Heather, on 11-06-2008 17:05

Who is this Kate ahole? An employee of First Equity? She claims to have researched this matter, so I can only assume that she represents the company. However, all she did was rattle off a list of possible reasons for this person's problem (no actual facts), and then attempts to belittle the customer's credit rating in a public forum. It is shocking to see the long list of consumer complaints (not just here, but on many other sites) against First Equity. To see a snotty post from an employee only confirms everything I have read already. So, I will now close this account before they do anything to hurt me and my business. Thanks, Kate.

4. Written by Heather, on 11-06-2008 16:57

Who is this Kate ahole? An employee with First Equity? This person claims to have researched this matter, so I can only assume that she is in fact a representative of the company. However, all she did was ramble off a list of possible reasons, and then attempted to belittle the customer's credit in a public forum. I have stumbled across a large number of horrible reviews for First Equity today and now plan to close the account before any of this bad crap happens to me and my business. Thanks, Kate.

5. Written by Kate, on 21-05-2008 21:25

You were sent a letter about the credit limit decrease. It was either due to over limit and/or late payment history, multiple returned payments, or your credit bureau report. The decrease was just on a whim. It was your own doing. I have researched this enough to know that this is fact.

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