Has any former Montgomery Wards customer that had their card automatically converted to a Walmart Card been successful in getting them to reduce your interest rate below the 20%+ that it is at. I tried some time ago without sucess but was going to try again. I never carry a balance on it, but it's just the principle. Thanks!
Question: If someone has a Mont.Wards' charge off account, and you send in a dispute, how can the CRA come back w/"Verified" ?
Regarding the original question, the answer is no. I didn't know what my interest rate was, and it's not on the website. So I just called customer service, found out my rate is 22%, and asked if it could be lowered. The rep told me no, that the rate was fixed when it was Montgomery Wards and can't be changed. As with you, I never carry a balance so it really doesn't matter. As far as the charge-off, since all Wards accounts were really handled through Monogram Credit Card Bank, I'm sure they keep the records. Anyone who was in good standing was automatically transferred to a Wal*Mart account, and the rep knew immediately that it was a Wards account. So I'm sure the records didn't "die" with Wards, they're still at MCCB and they're the ones that verify.
