I'd a charge card which was purchased by Lender of America (BAC). The card had a 7.8% fixed-interest, and that I'd had this card for over twelve years. I've a great credit score and also have never missed a cost.in July '09 they lifted my rate of interest to 12.99PERCENT, retroactively - including my $11,000 debt, not only potential acquisitions. After I named and stated I needed my previous price reinstated, they explained it had been a table raise. I had been so pissed that I refinanced my home (the 15-yr countrywide mortgage had been purchased by BAC - and that I thought when they might get it done to my charge card they might determine a method to get it done to my mortgage). The 10-yr refi was in a lower-rate and involved $11,000 to repay the charge card. I am currently spending $2 less every month on my mortgage, can pay it down faster, don't have any credit debt, and BAC dropped two exemplary credit hazards (albiet tiny).
They screwed themselves once they got selfish, helping trigger the present monetary crises, and anticipate their clients to assist purchase their errors. Not me. Our new charge card is from my local credit union. I want everybody might take action related.
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