I've had a Master Card w / Orchard Bank for several years. Credit Limit is around $2,000.00
Remodeled my house several months ago and maximized all credit (temporarily).
Today I received a letter stating my interest rate was to increase from 15% to 29% in one fell swoop! I called the number in the letter and got the usual run around. Was told I have a "beautiful payment history" never late, never over limit. Etc. Unfortunately, due to something on my credit report they were being forced to increase my interest.
I've wasted hours researching this slimy company
on the Internet. Filed a complaint via fax with the OCC.
I feel victimized (raped) by their unscrupulous
predatory business practices. I intend to FIGHT them, because I'm not poor. I will pay off the card. But will focus my energy on not letting this happen to anyone else.
If there are others out there willing to stand up to them, please respond.
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