I've great credit and spend my expenses on time, every time. - Bank of America advised me that because of "risk review" (yeah, right) they'll be INCREASING the rate of interest on my charge card. Obviously I will "choose-out" but when I take advantage of the card, all present and potential costs will soon be susceptible to the brand new, DOUBLED rate of interest. AMEX, Citi, and the rest of the charge card problems are performing these same items to their clients.
Just how can these banks escape with this particular? How can the Federal Government anticipate the economy to recuperate when the all important customers keep getting shafted from the banks. A lot of us WOn't have the ability to totally pay-off these cards. These banks incidentally are maintaining the bailout funds supplied by the gov't plus they are investing millions in the same time for you to obtain additional banks. Anything is actually wrong here.
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