I applied for the GM card and got it with a into rate of 0%. I paid on time and a little more than the amout due every month. When I applied I had more outstanding debt than I do now. I just gat a letter this week that they are going to raise my apr from 0% to 32%. I was told it went up due to outstanding debt and minimum paid each month. I have less debt than I did when I applied. And I was paying close to minimums taking advantage of the 0%. I called and was told that I could pull a credit report and send it to them and they would review it. I ask them to pull another report and was told the could not. GM card told me basically they would not do anything. That's how the GM card TRAPS it customers. Now I closed the account lost my earnings and have to pay it off by the end of the month. What a typical credit card company!
This was one of my first credit cards thinking I would take advantage of the earnings once I was able to buy a car. Having wanderlust in my eyes, I thought I was going to buy a GM car and now I have fallen in love with my 2007 Nissan Sentra. So now what happens to those earnings. I can't even convert them into the Flexible Earning program. Jeez! There goes $421 down the drain!
Mr. VoiceGuy,
Thanks for all of your wonderful advice. It worked. I have my utility rate down to about 15% right now. As soon as all of my payments hit the bureaus, it will go down to about 9%....
Keep up the good work classy and your advice about the Orchard account to SCuser was accurate as well. You are learning quite a bit on here...stay with it...I have now gotten to the point where I...
Patrick - would you mind PMing me the complaint you filed with the BBB? I desperately need to get them off my report!! I've paid and they're still reporting as an Open Account....ugh...
Since I received an infraction due to posting a link to my co's website for spamming, I don't know what I'm able to post here, so I will give you this... You can look at my name on here and go to...
A paid collection account will NEVER have a positive impact on your credit. It actually resets the clock on the statute of limitations and since that is new activity on your credit, it will affect...
Mr. VoiceGuy, Thanks for all of your wonderful advice. It worked. I have my utility rate down to about 15% right now. As soon as all of my payments hit the bureaus, it will go down to about 9%....
Walmart Cards Help!