thesailor's profile

thesailor says: (8 months ago)

 0

same story here - 31.99% from 10% in one month... This is my only business credit card (personal I use for business) and the interest charged is horrible.. There must be something our legislaters can do to prevent this and force them back to our original terms... at 31.99% who in their right mind could afford this? They want to avoid high risk and mitigate their losses yet they force people into situations they can not afford any more. I pay - always - but this is just plain usary and fraud... do they expect to use these account to force them into a default status then beg for bailout monies? I wish someoen would sue them and do a class action on it I can be a part of.. I'm in Kansas and no one here seems to care.. they all tell me to pay it off and close the account... its been a good account... if I close it my credit score goes down.. if I pay it off what do I do when I need new credit? Doors are closing everywhere and I am not a bad person... this is horrible.. I am a disabled veteran, small business owner and I can not affort this rate.
(Credit Card Interest Rates)