ALRIGHT!! NOW I GOT A REAL RANT (AND ITS IN ALL CAPS)

[matcom]

AND I AM NOT SORRY

I HAVE CREDIT CARDS. ABOUT 8 OF THEM. YES, I HAVE TO CARRY BALANCES ON THEM (UNFORTUNATELY).

SOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

I GET A STATEMENT FROM MBNA (YES, I KNOW THEIR POLITICS BUT THE ACCOUNT WAS OPENED A FEW YEARS AGO TO START MY BUSINESS AND THEIR WAS NOTHING I COULD DO AT THE TIME.

MY INTEREST RATE WENT UP. TO 29%!!!!!!!!!!!!!!!!

NO LATE PAYMENTS
NO CREDIT PROBLEMS

I CALL THEM.

SIR, WE RAISED YOUR RATE BECAUSE YOU DEBT TO CREDIT RATIO WENT UP

ME: "AM I NOT A GOOD CUSTOMER? ALWAYS PAYING ON TIME?"

THEM: "THAT IS NOT THE POINT. YOUR RATIO WENT UP.

ME: "HAVE I NOT BEEN A LOYAL CUSTOMER?

THEM: "SIR, THAT IS NOT THE POINT......."

ME: "WILL YOU LOWER MY RATE FOR BEING A GOOD CUSTOMER?"

THEM: "NO SIR, WE WON'T"

ME: "WHAT IF I FILE BANKRUPTCY TOMORROW AND NOT PAY YOU A GODDAMNED DIME!!!!!"

THEM: "WE HOPE YOU DON'T DO THAT BUT THERE IS NOTHING WE CAN DO"

:grr:

THEN, I OPEN MY CHASE STATEMENT.......................

NOW, I ONLY OWE $1,000 ON THAT CARD. DIDN'T EVEN USE IT FOR OVER A YEAR AND PUT PLANE TICKETS ON IT FOR MY STEP-SON'S GRADUATION IN MAY.

INTEREST RATE? 24.99%%%%%%%%%%%%%%%%%%%%%?????????????????????????

CALL THEM UP!!

ME: "WHY DID YOU RAISE MY INTEREST RATE?"

THEM: "WE SENT YOU A LETTER LAST MONTH STATING THAT YOUR RATE WOULD GO UP UNLESS YOU WANTED TO CLOSE YOUR ACCOUNT"

ME: "I DIDN'T WANT TO CLOSE MY ACCOUNT"

THEM: "THEN YOUR RATE DOUBLED. IT WAS IN THE LETTER"

ME: "WHY WOULD YOU WANT ME TO CLOSE OUT WHEN I AM A GOOD CUSTOMER?"

THEM: "YES, YOU ARE A GOOD CUSTOMER BUT THE LETTER STATED......"

ME: "DON'T YOU WANT GOOD PAYING CUSTOMERS?"

THEM: "SIR, YOU WERE SENT THE LETTER"

ME: "ARE YOU TELLING ME I AM NOT A GOOD CUSTOMER?"

THEM: "NO SIR, YOU ARE A GREAT CUSTOMER"

ME: "THEN WHY ARE YOU FUCKING ME IN THE ASS?"

THEM: "SIR DON'T TALK TO ME THAT WAY"

ME: "YOU GOING TO LOWER MY INTEREST RATE SINCE I AM SUCH A GOOD CUSTOMER?"

THEM: "NO SIR, YOU HAD THE CHANCE TO CLOSE YOUR ACCOUNT"

ME: "I DIDN'T WANT TO CLOSE IT"

THEM: "THEN YOU HAVE TO PAY THE INTEREST RATE WE SET FOR YOU"

ME: "TELL ME, IF I HAD A BALANCE OF $100K, WOULD YOU BE TREATING ME THIS WAY?"

THEM: "SIR, YOU RECEIVED A LETTER LAST MONTH"

ME: "FUCK YOU BITCH AND KISS MY ASS! YOU'LL BE LUCKY IF YOU GET PAID ANYTHING!!!!!!!!!!!!!!!!!!!!!!!"

</caps>

anyone need about $50k worth of web design done? i could use the money!

:argh:

[proud patriot]

1. Fucking Fuck Fuck Fuck

Bastards :grr:

[Stephanie]

2. I can't believe this is legal.

It's USURY and it should be illegal. WHY is this legal?

[VelmaD]

3. Makes you wonder why we even bother...

to pay these people. If they're gonna fuck you over if you do pay and they're gonna fuck you over if you don't...then what exactly is the point?

Want me to hit them on the head with a shovel for ya? I can get you on the list behind Raven's current clients.

[Hav]

4. Are you serious?

Wow...
I'm no financial expert but that sounds like they are crooks and I would better stop doing business with them.

[gyopsy]

5. Those assholes

Credit card companies rank up there with Bush, the tobacco industry, and insurance companies on my list of things I hate.

[NC_Nurse]

6. WOW!

That f***ing sucks! I have run up my cards a bit because I am also trying to start a business....I didn't know they could raise your rates simply because you had more debt now.
I have almost paid off my MBNA card since I found out they donate to *, now I DEFINITELY will. :mad:

[DS1]

7. Don't use them anymore

Yeah, I probably have zero to shit credit, and have a hell of a time renting cars, but not being slave to interest rates is worth all of those inconveniences.

[Padraig18]

8. Jeez, the Mob only charges 30% vig in Chicago!

:wtf:

[jpgray]

9. USAA, I love you. Don't ever change. (nt)

[Qanisqineq]

12. they have credit cards?

I have insurance through USAA, but didn't know they have credit cards. But, they do outsource (Lou Dobbs told me so a couple weeks ago)

[jpgray]

13. My credit card through them has had a steady 3.7% interest rate.

Great customer support, great bonus stuff, great service. It sucks that they outsource, but my financial situation doesn't allow me to be too picky on that score--even with my perfect credit rating, it'd be tough to find a better deal. :(

[historian]

16. which card do you have?

i have 7.% rate and a credit score of over 700 (near perfect so i hear) but if i can lower my rate to the same as yours - why happy little me!

[jpgray]

22. I had to call them up and negotiate

My rate used to be around 8%. See if you can do the same.

[Qanisqineq]

10. Good fucking lord

If my MBNA card were to go up to 29%, I'd have to sell a kidney to pay off the damn thing.

[Stephanie]

11. Maybe something in here will help you reorganize it

http://www.smartmoney.com/debt/

I am just outraged by this.

I just got a notice from MBNA that the default rate on my card was going up to 24.99%. This is a card with ZERO balance that I haven't used since I paid it off a year ago. I have some debt on another card but nothing too outrageous. When I called to ask why the change in the default rate the kid told me EVERY bank was doing this. How do they justify it??? Since then I look at every 0% offer that comes in the mail and they all have 25% default rates. Default is defined however they want to define it. Congress needs to do something about this. It is an OUTRAGE.

[polmaven]

14. But,.. but,.. but.....

NO ALL CAPS RANTING ALLOWED!

Doesn't you knows that stuff is gittn better? How kin you be so un 'Murican to RANT bout little things like this? Whadda want? The billionaires to pay more or sumthin? Sheesh!

[historian]

15. call all you card companies

and tell them you want to cancel. If they ask why, tell them. Worked for me many times - can you lower my rates? No. Good then cancel. Wait a moment pls. Hello this is the supervisor can i help you? Yes lower my rates or im going elsewhere. Of course sir you are a good customer and so on and so forth.... give it a try - dont lose your temper - if they start giving you flak just tell them in a nice calm voice - i am asking you to cancel my account - are you having trouble understanding me?

[Stephanie]

18. That doesn't work if you have a lot of debt

When my debt was high they wouldn't give me a break at all. And if I threatened to cancel that was fine with them. When your debt is high it's hard to get another card to transfer it to.

I did go to a debt consolidation place, although I wound up not using them and doing it myself. But this company was brought in to my office to give a presentation, so I figured they were legit - BUCCS - Budget Credit Counseling Service. If you continue to get screwed on the rates it might be worth talking to them. It's $25 for a consultation.

[Fleshdancer]

17. you pay more in interest while they pay less by outsourcing

FUCK THEM.

[ZenLefty]

19. This doesn't happen to rich republicans, I'll bet.

Shee-yit, matcom. They all busted your ass on the fine print, and that sucks. The credit cards given to the gratuitously affluent lack such provisions, but the cards they give to Normal Joes have some nasty shit written into them. They figure they make less money off the average American, so they gotta get their cash somehow.

Bastards, the lot of them.

[nini]

20. If you own a home.. check out the equity line of credit cards

Rates are a bit over prime.

consolidate all those debts into one payment and get to claim the interest from it too.

[fudge stripe cookays]

21. Here's what reprehensor and I did.

When we got married we had about $30,000 debt between us.

Every 0% card we were offered, we signed up for. We transferred as much from 1 card as we could to the 0%.

We kept the card for as long as the 0% lasted. When we got a new 0%offer in the mail close to the time the current one expired, we switched it over.

In the last 4 years since we got married, we have managed to pay off $20,000. The credit card hop may be a little labor intensive (as far as keeping track of all the dates and rates), but he puts everything in Quicken to keep track of it, and we've managed to save ourselves thousands of dollars in interest.

Someone pointed out to me that it affects your credit when you get all these cards, but it also looks great when they are all paid off with 0 balances years down the road. If you're going to be paying them off anyhow, might as well save yourself a few bucks, right?

[geniph]

23. NEVER get credit cards from banks or finance companies

always get them from credit unions when you can. Most credit unions have permanent low rates of interest.

MNBA is the WORST. They SUCK. The only one that was worse was Providian, and they've lost a half-dozen class action suits for that kind of predatory usury.

I would send a polite, but very irritated, registered letter protesting the change in rate. That doesn't guarantee they'll lower the rate, but they CAN and sometimes they WILL. It only costs you a stamp. cc whoever regulates consumer credit in your state, too, or cc the FDIC in the case of banks.

[Stephanie]

24. Low rate cards

You have got me searching the web. I'm furious about this. I want to cancel my MBNA over the contributions to chimpy. I want to lower the 13% rate on my other card which I think is way too high.

http://www.cardweb.com/perl/cardlocator/survey/lowrate

[Zomby Woof]

25. credit cards are evil

I have horror stories with MBNA too - closed them out back in 1998 after a nightmarish go-round regarding my interest too.

[President_G_W_Bush]

26. MWA HA HA HA HA

It's all part of Karl's ingenious plan to ensure that you Dems have no money to contribute to Kerry.

[latebloomer]

29. That pic of the Shrubbery

is just DIABOLICAL!!

[SheWhoMustBeObeyed]

27. So sorry - that's horrifying news

I paid off most of my cards....then I lost my job. :mad: It is just neverending, isn't it.

[GOPisEvil]

28. I am SO glad I am not carrying balances anymore!

Of course...they fuck me in all sorts of other ways I'm sure.

Then I'm taking my car to the shop Friday...so much for being debt free...:-(