Washing Mutal Card Services, the people you dont trust Dallas Texas
washington mutal just sent my statement intrest rate was 8.2& know 20.30& called to ask why they said jp morgan bought them thats the only reasn they gave me . was with them for ten years never missed or been late with payment. told them hope they were recording this because they could stick it and that i would not send them another penny until they give me back my old rate and hung up. I think the rest of the american people schould tell these credit card companys the same thing . IF we all stick together for six months and not pay lets see what happens
Mark
johnson city, New York
U.S.A.
1 Updates & Rebuttals
Flynrider
Phoeix,Arizona,
U.S.A.
Rate Guaranteed?
#2Consumer Comment
Wed, January 07, 2009
Did you have some agreement with Washington Mutual that would guarantee a particular interest rate? I'm betting that you didn't. A careful review of your card agreement will likely show that the bank can raise the rate at their discretion. Probably much higher than 20.30%. That is how most credit cards work. Why one would choose to borrow money under those terms is beyond me, but that's what you signed up for.
You said, "IF we all stick together for six months and not pay lets see what happens"
I'll tell you what will happen. Your credit will be trashed, late fees will be assesed and this inflated debt will follow you around for many years to come. Good luck with that strategy.