Separate names with a comma.
Discussion in 'Credit Talk' started by ginger2, Aug 8, 2003.
Barclaycard Ring™ Mastercard®
No annual fee, No balance transfer fees, No foreign transaction fees, Low interest!
CREDIT CARD WITH NO ANNUAL FEEBarclaycard Ring™ Mastercard®
Credit One Unsecured Visa®for Rebuilding Credit
Credit card for people with bad credit to rebuild credit!
BAD CREDIT CREDIT CARDCredit One Bank® Rebuild Credit
First Access VISA® Credit Card
Access to credit even with bad or limited credit! Reports to 3 major credit bureaus and accepted wherever you see the Visa® sign. Get application response in 60 seconds.
CREDIT CARD FOR BAD CREDITFirst Access VISA®
Green Dot primor® Visa®Classic Secured Credit Card
Credit lines available up to $5,000! Reports to three national credit bureaus; perfect card for reestablishing credit. Guaranteed approval*!
SECURED CARD FOR REBUILDING CREDITprimor Secured Visa Classic
Credit One Bank® Unsecured Visa® with Cash Back Rewards
Get cash back on every purchase. Unsecured credit card with monthly monitoring for credit line increases. Improve your credit history with responsible use.
CASH BACK UNSECURED VISACredit One Bank
What does your credit card disclosure statement say?
Normally they can pull your credit and raise it if they want. I had Nextcard do that to me awhile back. Card was paid off too! I just closed it out and took my business elsewhere.
They do it for one reason - they want your money. I would pay it off, and either close the card or charge an item once ina while to keep the card active - depending on other issues - need for good tradelines, length of time I'd have the card, balance to limit ratio, etc.
I just had this happen to my bankone account. I just paid it off.
The GE card is HH, they and bank one both have a bad rep for this sort of thing. They can do it, so they do it, hoping you can't pay it off. Always have someplace to go.
ALWAYS HAVE A BACK-UP!!!
Household is especially bad because they do not give you the ability to close the account and keep the lower rate. Citi, Chase, Bank One all generally give you a couple of weeks notice to write in decline and cut up the card if it is a repricing (i.e. your are considered higher risk) rather than a default(you were late on payments).,,,,,try pfb, state attorney general, bbb etc. make a lot of noise .....write them directly as well....
Make sure to copy your Congressman as well. In fact, write a separate letter to your Congressman (and Senators) complaining about it, and asking them to investigate. Copy the letter to everyone on the House and Senate Banking Committees (if there are any other committees dealing with this, someone let us know. Copy all of them as well. Congress needs to be aware of these actions.
When you write your letter to your Congressman, make sure you cc Household as well. Most businesses HATE to have Congressional inquiries. They go to the highest level of the company. When they have to answer a Congressional inquiry, they know that someone other than customers (and those of us on Credit Net) are aware of what they are doing.
When I had HOUSEHOLD they let me close it at the LOWER rate (prime -0.25% I think)...then they sold it to FLEET who "JACKED" it to their DEFAULT RATE because it was closed...I NEVER DID GET 100% OF MY EXCESSIVE INTEREST REFUNDED...I LITERALLY CALLED 50 TIMES AND WROTE 10 TIMES!!!
Yes, GM did the same thing to me last year. So I closed and paid off the account. I just got the same notice from a Household account that I have. They did send me a letter stating something like, "In order to show profitability to our shareholders, we need to raise your rate to 23.99%" or some B.S. like that. That one will also be closed before the end of the month! Nothing like losing all the "profit" that they might ever make from me. I will never open another Household account.