Sgtjoebear
Dothan,#2Consumer Comment
Mon, August 03, 2009
well this has been a common problem unfortunatly with almost ALL credit card companies right now. Due to new laws passed restricting the unreasonable increases in CC rate, Credit card companies have been scurrying to increase their rates to get what they can out of us honest consumers. My credit card rate went from 4% to 13%, NOTE: I have no deliquent payments in the last 12 years and have a credit score over 700 but it seems they are taking the lets stick everyone policy while we can. I personally have closed all my accounts with banks that have taken bailouts from the government. there are plenty of banks that live within their means and invest wisely (without charging outragous fees). most are your local banks.