World Financial Capital Bank is currently the greediest, most unscrupulous credit card lender in America. Their practices fly in the face of legislation the U.S. Congress has enacted to protect consumers.
Their fees, service charges and interest payments, are well beyond anything anyone could call reasonable or acceptable business practices. They have enacted so many time consuming and complex rules, structured to trip up consumers, it ensures World Financial Capital Bank, will collect millions of dollars in undue penalty fees, from card holders they fail to properly and adequately inform of the constant changes to their accounts.
If one mails in one's payment in a reasonable amount of time, according to acceptable national standards, World Financial Capital Bank, will state it arrived late, blame it on the U.S. Postal Service and assess exorbitant late fees.
In 2010, they cancelled their automated check by phone system that allowed customers to pay their bills over the phone and changed their work time, closing 3 hours earlier. Therefore, anyone that called World Financial Capital Bank at or after 9PM, found no automated pay by phone system, no employees to accept their credit card payments and their accounts slapped with a $30 late fee, which was vile. However, it raised millions in revenue for the company, at consumers expense.
It is due to companies such as World Financial Capital Bank that Americans are unable to get out of debt and end up in bankruptcy. Yet, their unscrupulous business practices, which constantly gouge millions of American credit card holders, who have publicly complained in many online forums, have gone unpunished by the Federal Trade Commission.
The Obama Administration, much like the Bush government, is unwilling to financially punish such companies as they deserve, with millions in fines and penalties, for the terrible business practices they utilize in harming the American people.
