(PRWEB) August 10, 2009 -- Americas Watchdog's Corporate Whistleblower Center is launching an initiative focused on banks and credit card companies, that double, triple, or even quadruple a credit card holders balance, after a non-payment, or after the bank, or credit card company turns the account over to collection. Initially this initiative will be focused on California low income, or minority victims, and will then grow into a national campaign. The group is saying, "These credit card companies and banks are thieves. First they hand out the credit card to anyone, regardless of their credit, or income, they charge 30%, and if the consumer misses payments, the card holders balance, doubles, triples, or quadruples, if the consumer gets turned over to collection? Not any more." If this happened to a resident of California, please have them contact the Corporate Whistleblower Center immediately at 866-714-6466, or contact the group via their web site at Http://CorporateWhistleblowerCenter.Com/
The Corporate Whistleblower Center says, "Banks or credit card companies allowing their collection agencies to double, triple, or quadruple a credit card balance after it gets turned over to collection are thieves. These are the very same banks & credit card companies that have received bailout money from the taxpayers, and now they pull this stunt?" The group is saying, "Paying back the bill with interest is one thing is one thing, but doubling, tripling, or quadrupling the credit card holders balance after a non-payment, or after they get turned over to collection is not going to work anymore." Americas Watchdog's Corporate Whistleblower Center Wants to hear from any California resident who has seen their credit card balance double, triple, or quadruple in the last three years after a non payment of a credit card bill, or after being turned over to collection by calling 866-714-6466, or by contacting the group via its web site at Http://CorporateWhistleblowerCenter.Com/
So who in California is most likely to be a victim of credit card predatory collection practices on the part of a banks, or credit card companies collection agencies?
* Minorities
* Low income families
* Senior citizens
* Individuals who never expected to be unemployed, but now are
Americas Watchdog's Corporate Whistleblower Center is all about corporate ethics, and fair play. The group considers banks, or credit card companies that allow credit collection agencies to gouge consumers by doubling, tripling, or quadrupling credit card balances to be nothing short of thieves, especially with typical interest rates at 25% to 30%. According to the group, "If you are a California resident & this credit card balance doubling, tripling, or quadrupling has happened to you, or someone you know in the last three years, call us & we will try to help." Victims can call the Corporate Whistleblower Center anytime at 866-714-6466, or contact the group via its web site at Http://CorporateWhistleBlowerCenter.Com/
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