B of A to DOUBLE your interest rate

  • porgy1000
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Replied by porgy1000 on topic Here is more about it

11 years 7 months ago #61

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Replied by Ash on topic Hey guys its not just

Hey guys its not just BOFA,
My mom called me on Friday and she was really upset about HSBS. Apparently they are trying to do the same thing. They had sent her something in the mail regarding an interest hike, I tried to reassure her that its not personal regardless of how good of a customer you are but something the banks are doing. I think we would feel the impact of the economy crunch in one way or another wether its your stock portfolio or the credit card companies...
:dumbfounded:
11 years 7 months ago #62

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Replied by liowkc on topic If you make full payment

If you make full payment every month, how high the interest rate is of no concern of yours. Perhaps, this is a blessing in disguise to force people to be more disciplined.
11 years 7 months ago #63

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Replied by Meya on topic :scared: :scared: :scared: :scared: :scared:

:scared: :scared: :scared: :scared: :scared:

I don't own a bofa card, just debit. Where is all of this coming from? Why are creditors dogging good paying customers. What they don't know, is that, it is going to make people say "Forget Credit" and just play banks like a tune. Good news but I am still kicking back with my fingers crossed.
:fun: :fun: :fun:
11 years 7 months ago #64

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Replied by porgy1000 on topic Here is another link about

Here is another link about BofA raising credit card interest rates. Be sure you click on this link along with the one posted above :worried:

http://www.businessweek.com/bwdaily/dnflash/content/feb2008/db2008026_105146.htm
11 years 7 months ago #65

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was created by porgy1000

B of A is having problems with customers paying their credit cards. They now have 5 BILLION in defaulted credit cards on the books.

Even if you have good credit and have never missed a payment they are going to DOUBLE interest rates to make up for the defaults.


Here is a link and you may find it shocking.

http://www.associatedcontent.com/article/591985/bank_of_america_doubling_credit_card.html
11 years 7 months ago #66

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