OMG !! WTF !! BANK OF AMERICA IS HIKING CREDIT CARD RATES from 9.99% to 24.99 !!!! PIN THIS !!

Sorry debunker guy. I posted before I proof read that last one.

Anyway. You're assuming that all kids have parents that know what they are talking about. They don't. We know this. So you can either shake your head and say duchebag things like "THEY GOT WHAT THEY DESERVED" or you can help arm people with knowlage and see what they do with it.

If they know the risks and STILL get into trouble...fuck em. Live and learn. But to blindly throw them to the wolves and then sit back in your chair and say "they shoulda known better" is just pointlessly stupid.

Isn't that what you guys bitch so much about on here? INFORMING THE PUBLIC? Are do you just debunk stuff for the personal reason of thinking that you are better than others? That must be taxing on you. "HEY LOOK EVERYONE...A PROBLEM!!! I'll bet I know what caused it. But I sure don't wanna think about how to FIX it."

In other words, where is your solution?

I say fuck em and quit paying all together! They can't collect these days because too many people are failing to pay already.

Citibank is desperate too. They offered me a settlement of 40% the owed amount! But I told them it doesn't matter how good a deal it is if I DON"T HAVE ANY FUCKING MONEY!

Basically, the problem is that people will put up with ANYTHING.

You let Microsoft change the rules on how you buy software so now the $500 copy of Office you bought can only be used on ONE computer even though your household has two or three computers.

The RIAA wants to make you a criminal for copying your CD's onto your iPod.

you get the idea... bend over, the greed of deregulation will eventually make everyone in the US a criminal with a bad credit rating (and bad health).

welcome to the penal colony...

Praise The Holy Of Holy:Bank of America's new business model !! [link to www1.istockphoto.com]

I had a Chase card at 9.9% for years. Then for no reason my bill showed 29.99%. My wife payed the bills at that time and she just payed without checking the rate for like six months.

I called and asked whats up with that? I was NEVER late and always paid at least the minimum.

They said I have too much credit. Basically the fine print on all cards say they can put the rate where they want when they want for any number of reasons (which cover everything)!

They said their was nothing I could do about it! Exact words!

My payment went from around $89/mo to like $230/mo!

I was pissed!

I searched the net far and wide for help.

Finally I stumbled upon The Comptroller of The Currency site.

I had nothing to lose so I gathered all the information to file a complaint with them. I faxed it to them.

Unbelievably two days later I got a call from a big wig at Chase asking me what I thought the remedy should be. I said I wanted my rate back and all money back since they changed it.

She said she could only give me 12.75% for some dumb reason but otherwise agreed! I then told her to close the account (no further purchases for me). She wasn't happy but she did close it. I accepted the 12.75% and now I pay about$105/mo.

The Comptroller Of The Currency helped me big time!
If your rate gets jacked for no apparent reason try this link and file a complaint.

[link to www.occ.treas.gov]

I hope this helps someone like it helped me.

Oh and I got reimbursed like $500 for the six months of paying 29.99%!

First off--to Omega and Duncan, two posters I respect a lot, thank you for your support. To the whiners who tell me "how dare you" and "we should be taught better in school", I would like to offer you an unadulterated, homogenized, pasteurized, Grade A certified, protein fortified "FUCK YOU". Why??? Because you are EXACTLY the people I talk about that WHINE THE LOUDEST because you DON'T TAKE RESPONSIBILITY FOR YOUR ACTIONS.

How DARE I??? I dare me because I've fuckin' been there, and MADE THE FUCKING MISTAKES. If I hadn't, and was just some rich motherfucker telling you "just figure it out" than I would deserve to be drawn and quartered. But I'm just a schlub, chugging through life, licking my wounds, and realizing ain't a PERSON ON THIS PLANET that is responsible for me....EXCEPT ME. Teachers...church...parents....fuck all of that. It's MEEEEEEEEEEEEEEE! And the quicker you can pull your heads out of everyone ELSE's ass that you think should be protecting you or teaching you or whatever the fuck else you wanna puke and whine about, the quicker you'll see the light like I did.

Realize this...I was a signature away from bankruptcy, but decided to "figure it out"...and I did. I made MASSIVELY stupid financial decisions that got me in a ton of hot water with the IRS AND multiple credit companies and student loans...and I figured it out.

The point of my rant is that I'm not perfect, but I'm a LOT better off when I realized that I was responsible for me, and that I take the time to know the rules, so NO CREDIT CARD COMPANY BULLSHIT will affect me ANYMORE.

Winner :: [link to www.cruzlaw.com]

All these corporate fucks are about to find out very soon, IT IS NOT BUSINESS AS USUAL, go charge what you want, you will not make up the difference but your loses will accumulate. Bush isn't protecting you guys either.

and all the money you sent him in hopes of 'protecting' your company. Good luck loser corps!

Guys it won't be just Bank of America

SALUTE!

World Market hiked mine to 59.62% and i pay it off whenever I use it as a charge card. I am nowhere close on any car to my maximum which ranges upwards into the 20,000s dollars. I have no credit car balances on any more than about $300 and usually pay them off entirely. In view of this I called them when they lowered my credit rating to 779 from 787. No lates, nothing negative anywhere.

why oh why did you have to hike it as another day comes to an end im looking for a letter or something any thing thing the bank would send with ll the money i owe i am stilla lonely man you know its funny i thought i had them in the palm of my hand but in the end me and alot of people i know will wind up in bankruptcy land

Do NOT approach Consumer Credit Counseling Foundation which is another big scamster (read up details at [link to cccffraud.com] outfit to negotiate.

But the rismedia article says that they seem to be doing okay in paying off their loans.

So what's wrong with that? They're not the ones who are defaulting on their loans; they seem to be actually paying them off.

Isn't that what we all should be doing?

Precisely. You probably missed the Sarcasm in my original post.

Vile company! I won't even own their stock! They are in the same category (for me) as Micro$oft, Shitti-bank and a few others. Excrement. Feces. Greedy unethical and totally uncaring about anything as long as they make their profits.

BTW: to the poster who was struggling withe the 1080p Flatscreen. Call up Mac Mall in Santa Monica CA. The store not the mail order place. They offer some great deals. I got mine there and it's a 46' Samsung 1080p and paid $1100 cash out the door! Retail on that set was over 2200 at the time. I still haven't seen prices that great from anyone else. I sent a friend there and they got a NO BRAND name 65" plasma (only 720 however) and paid 1499 for it. It was a refurb, but so what! Stuck on a full exchange service policy for another $200 and that made him feel better = although he hasn't used it yet.

They seem to have a deal with the big manufactures and they buy their refurbs for pennies on the dollar and resell them. Some of it is "b" stock with dents/flaws in the cabinets, or minor scratches. Others are first quality but discontinued. Great prices. I ended up replacing all of our sets with Plasma's or LCD's there. And of course a new laptop for me while I was shopping for the tv's. (grin) If you shop well, you can find top rated sets from last year for about 1/3rd of retail.

Point is at their prices you can pay cash for it out of a couple of weeks savings or a little more. No bills, no surprise interest rate fuck-you from the bank.

I keep one VISA with a big limit on it ($25k) and one AMEX platinum card that I'm thinking about dumping now that I don't travel all the time. Oh, and a chevron card. Period. Once in a while I'll rack up the visa, but that's rare

So....you charged it, you took the product home, and now you have no money to actually pay for it??? And we who do pay for our goods should put up with YOU, why???????

This is the mentality that has this country in a credit-card mess to begin with.

I appreciate your taking out the profanity and insults.



I don't see anything wrong with you or me or anyone else teaching that stuff to kids in high school; actually, junior high school would be even better.

But sooner or later, we as parents (and I have two kids, one 22, the other 19) are going to have to say that they are grown up and one of the basic things about being grown up is the right to make their own mistakes.



What you consider "blindly throwing them to the wolves" may be considered by others as allowing them to make their own decisions. I have done my best to instill in my kids that they should stay out of debt unless they really need to borrow the money. I have also done family financial planning with my kids there, so they can see what pitfalls there are. sometimes I may miss something, and sometimes they might get caught up in a risky endeavor. But no one's perfect; I have done what I can.



I don't "bitch about informing the public". I also don't believe that we should take away the rights of young people because they're not smart enough to see things you or I, with our advantage of years of screwing up, may see.



No. I are do debunk stuff which I consider bunk, such as the "chem-trail" myth and the "9/11" myth; and I also offer my (admittedly libertarian) opinion on things I read here.

And don't get me started on the healthcare scam perpetrated on my northern neighbors, eh.



If you mean do I have a solution to the problem we have by not protecting our young people by not letting them make adult decisions -- when they are, legally, adults -- the answer is that I have no solution because i don't believe in taking way their freedom to make adult decisions, regardless of what trouble they might get themselves into.

This approach is what we call down here as "fighting against the Nanny State".

Eh.

Whoops! My bad! LOL!

I knew it was Bank of Satan whn they wanted to charge you a fee to do a transaction using a teller.

GREED IS GOOD!

This is old news.

Capital One did this to at least a million card holder almost exactly a year ago. My percentage went from 8.9% to 15.99%. I had a too large of balance to pay outright, so I opted out of the changes. Here is the kicker and anyone who has this problem wit BofA better listen up. You have the right to opt out of the rate hike. The catch is that you must notify them (usually phone is ok, but check the notification letter) and YOU CANNOT USE YOUR CARD FOR ANYTHING - NO MORE CHARGES. If you have even one charge come through (like a automatic gym membership monthly bill), it will be automatically be seen as accepting the new rate.

I refused to use my card (even cut it up) until the balance is paid off and if I don't elect to accept the new rate, then the account will automatically closed after the final payment. I'm still paying at my 8.9% a year later. If you panic and do something stupid the bank will have you.

As to banks, yea I had to learn the hard way they are not your friend. Yea, DUH! As to credit unions, they are not your friend either. I had one that was a small, industry type credit union for about 5 years. Absolutely loved them, and was treated like a person. Then about 2-3 years ago, they were bought up by a large "Federal Credit Union" and they have been nothing but a pain in my ass. When I get my loan paid off with them, they will never have my business again.

I can't agree enough with the person that said to live within your means. It is hard to while paying down loans, but it is so worth it. I have even noticed that I appreciate things more that I purchased in the past, and I have realized how manipulated I was by marketing, etc. Don't look at it as "not living THE life", look at it as freedom, because it truly is.

Thanks LS, this is OP !!
I was waiting your one star !!

true story. Servicemembers Civil Rights Relief Act. I'm getting $4-6K back on my balance. I went active duty Army 1999 and starting 2002 getting raked over the coals in interest rates on a $12+K balance. put in for it today. I feel like the luckiest man alive! My interest rate plunges from 24.99% to 6%. And I get all of the interest $ put back on my balance. hahahahahahahahahahahahahahahahahhahahahahahahahahahahahahaha​!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Yet one more thing to make me glad we stiffed BOA for about $10,000 in our bankruptcy 3 yrs. ago!

And we learned our lesson - No credit cards since & doing just fine.

He knew where the bankers (scribes and pharisees)were spiritually, that's why they set him up. If you look at what they were doing back then you can see that the message Jesus taught of not being slave to a lender really got them mad.

I LOVE THAT!! LOL!!

what kinda of idiot uses a credit card unless it's a total fucking emergencey?

Yes, I think it may have cut into their prophets (PUN intended)

I just got a letter in the mail from HSBC yesterday warning me that if I missed a payment or was late the new interest rate for that is something like 33.3%