Kryptonite Credit Complaint - Loan Scam - Membership

Review by perrybarlow on 2010-11-03
I signed up for a cash advance but not for a third party membership to debit my account $49.98 and $19.98. They told me that the first charge was for a membership and the second is recurring fees that will be continuous if don’t opt out of their service. Like, how can they charge me recurring fee if I don’t even know what type of services I will be getting from this company. They needed to be stopped.
Comments:3 Replies - Latest reply on 2010-11-05
Posted by T on 2010-11-03:
I tried for 10 minutes to find KRYPTONITE associated with credit and loans, but couldn't. There are numerous almost identical complaints, all dated Oct 29, on another consumer website. ?
Posted by leet60 on 2010-11-03:
It looks like the OP did not review the terms and conditions. They are present, but you have to look for them like on many websites:

"KRYPTONITE CASH SUBSCRIPTION: Risk Free Trial: Your Approved for an Interest Free Line of Credit in the amount of $7,500, along with a Stored Value MasterCard or Visa card. By becoming a KRYPTONITE Member today, you will also receive Two Free Airline tickets with resort stay throughout Mexico and the U.S. You will receive your KRYPTONITE membership login credentials including 100 additional benefits via e-mail within 1 business day from your authorization. YOU HEREBY AUTHORIZE KRYPTONITE CASH MEMBERSHIP to debit your bank account for the monthly dues of $19.97 starting in 30 days from recorded authorization date and a One Time Enrollment Fee of $49.96 debited immediately upon recorded authorization."

The website is: http://kryptonitecredit.com/

Posted by perrybarlow on 2010-11-05:
I don't know about those other people but I know mine's happened. I guess a lot of people also experienced this and it's good that htey know what to do now! and leet60, yeah I read that on the terms and conditions part but I think I cancelled that out!

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