For millions of consumers, credit debt is a burden, as is dealing with credit companies. From rate hikes to hidden fees creditors have historically been in control. In 2009, President Obama signed the CARD Act, which established regulations for companies charging consumers.
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FYI, the very last section shows 2006 twice under the card ownership.
Thanks for the catch! It should be all updated now to show 2010.
NO KIDDING the rates did not go up THEY ALREADY RAISED THEM HIGHER IN ADVANCE SINCE THE SCUMBAGS GAVE THEM A FREAKING YEAR TO SCREW US.
I got this wonderful letter from Discover Card. We have decided NOT to proactively increase your interest rate before the card act takes effect. Aren’t we nice
ITS ALREADY AT 28% YOU FILTHY SCUM SUCKING CRIMINALS!!!!!!!!!!!!!!!!!!!!!!!!
not raising the interest rate on EXISTING DEBT should have been a freaking no brainer from day 1.
I would ALREADY BE DEBT FREE if this is how it was done from the start. paying off $4500 at 9% is a heck of a lot easier than at 32%
when I asked them why they raised my interest rate (good credit not one single bad mark) their answer was “because we can”
so when I stopped paying and they asked why I said “because I can”