Ken
Randolph,#2Consumer Comment
Mon, December 29, 2008
What I meant to say, and didn't, is that every credit company is now constantly monitoring your credit reports, and if your credit is less than perfect ANYWHERE, they will jack your rates. One of the most important metrics is the ratio of credit used to credit available. If a consumer has accounts that are maxxed out, they become a much greater risk, and the credit companies raise the rate accordingly. I am not defending this practice, and I wouldn't deal with a company that did it to me, but the fact of life is that it is happening.
Angry
Seattle,#3Author of original report
Sun, December 28, 2008
Do not accept this attitude. I have dealt with several credit card companies - Chase, Bank of America, Best Buy - on no-interest promotional purchases and balance transfers. The ONLY company with whom I have had this problem is First National of Omaha.
Ken
Randolph,#4Consumer Comment
Sun, December 28, 2008
Every credit card company is doing the same thing.