Senator Collins discusses credit card rate hikes
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I Believe This Was A Video Clip Of NBC News' Today's Report On Senator Collins Discusses Credit Card Rate Hikes On Wednesday Morning, November 4, 2009.
radiodj1520 9 months ago
I am a 3rd generation, 30 year Sears customer. I have an excellent credit rating, pay my bills on time and qualify for the lowest interest rate from other card companies. CITI has raised my Sears card interest to over 29%. and bumped my due date up more than a week with no warning. Interest rates this high are predatory, immoral and a danger to our Nation's economy. I have cancelled my accounts and will shop elsewhere for the appliances for the house I am building. No more Kenmore!
kilnwatcher54 2 years ago
This is a complete fraud . The Bank are literally screwing themselves in the end because people are going to get so pissed that they will, once they pay off the accounts , drop these bastards as fast as they can.
Is it legal, read the fine print...yes, even long time good clients are getting screwed royally., is it fair ? Absolutely not!
It's legal robbery is what it is.
I have no CC so I don't care how much they raise these rates , boycott every one of these crooks and see then what happens
willyD200 2 years ago
I think I have to side with the banks on some level because they cannot make money or lend money for that matter unless they are making money through interest rates and fees.
JohnRhysMusician 2 years ago