What Some Customers Get in Compensation from Credit One

The first thing to know, is that your Credit One Bank contract probably limits your options for legal complaints against Credit One Bank. You generally have two options:

1. Take your Credit One Bank complaint to Small Claims Court, or
2. Take your Credit One Bank complaint to Consumer Arbitration

We at FairShake can help you file a claim against companies like Credit One Bank. We’ll take your complaint through the legal process of consumer arbitration. This usually gets them to negotiate. (For a list of companies we process complaints against, start here.)

Here’s some information from the American Arbitration Association (AAA) on how recent complaints against Credit One Bank have been resolved:

NOW FOR THE NUMBERS…

In 2018, 162 complaints against Credit One Bank were resolved through the arbitration system.

Among these complaints, 120 complaints resulted in a settlement  – that’s 74% of complaints.

Although settlement amounts are secret, the average complaint against Credit One Bank asked for $14461 in compensation.

At least 48 customers also received non-monetary relief for their Credit One Bank complaint as well.

Arbitration complaints against Credit One Bank took an average of over 11 months to resolve.

Complaints handled by FairShake are often settled before arbitration, which can be much faster. (For a list of companies we process complaints against, start here.)

The arbitration complaint process against Credit One Bank costs money, but the company is usually responsible for costs. Credit One Bank paid $1256 in fees per complaint on average.

Meanwhile, 100% of consumers paid nothing in arbitration fees for their complaint against Credit One Bank through the American Arbitration Association.