Barclays sent me a letter saying that they were raising my interest rate, which had been 7.95% to 22.95%. I immediately mailed them back asking them to close my account. According to the laws Obama passed, the credit card company is required to allow me to do this and keep the rate at 7.95% until the debt is payed off. They would not. After many calls and arguments they finally closed the account but they kept the interest at 22.95%.
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