Banks Raising Interest Rates on Credit Cards!

[Deckers2006]

All of these card banks are criminals with honest people in charge of the terminals for you to speak to. It will do no good to try to reason with them because they are not in control.

My cards were fine until they tried that 29.9% interest rate hike on me. I called in and closed all my accounts, and they refused to close them. They quadrupled my account balances in two months.

These Credit Card companies are in Contempt of Court for breaking the law in Federal Congress today.

[XCritonX]

This is why I decided not to go into debt in the first place. Its not easy, I have to make many sacrifices, but it is worth it not to have that stress.

[CyberCitizenSpeaks]

If Your credit limit was lowered or your rate went up for no reason please contact me at my web site tell me your story I will forward them to Obama with my 3rd letter. I will also be trying to start a class action law suit on these banks.

I have an E-Bay card through PayPal Funded by GE Money Bank that lowered my limit to just above what I had charged now they went and upped my rate to 29.99 with no notice they say they mailed in in November but I got no notice, I didn't get Nov bill at all.

[scottsandiego]

Reducing the balances is a great goal I admit but unrealistic for many. Raising rates will only limit spending which the economy doesn't need. By raising a rate from 9.9% to 26.9% Credit Card companies will push many of it's customers into bankruptcy. It's irresponsible and thus will begin a crisis cycle similiar to the one these same banks got into during the subprime crisis.

[Deckers2006]

@scottsandiego

All of these card banks are criminals with honest people in charge of the terminals for you to speak to. It will do no good to try to reason with them because they are not in control.

My cards were fine until they tried that 29.9% interest rate hike on me. I called in and closed all my accounts, and they refused to close them. They quadrupled my account balances in two months.

These Credit Card companies are in Contempt of Court for breaking the law in Federal Congress today.

[oghamduo]

Umm... perhaps you should reduce your balances?

Credit companies need liquidity right now. They're trying to call in their chits. You're going to notice them reducing your credit limit when you pay down your balances, too.