After having two GM cards for over 36 months we bought a house, had 2 deaths in family and had been carrying a balance of half our limit. Always paid on time and paid extra when possible. They decided that we were a risk since we carried a balance and had made a few minimum payments and raised out interest rate from 16% to 24%.
When called they double talked us up and down, implied we had bad debts, lied about the method used to arrive at the decision and would not accept larger payments as a remidy to lower the interest. We paid them off and chopped up the cards. Screwed for being a good consumer.
Jess
Huntington, West Virginia
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