- NEW!
by LarryH54 on September 23rd, 2009
Go ahead. I stopped giving them money decades ago.
by Have A Nice Day on September 23rd, 2009
Lol, and I already paid mine. Usually they give you an "opt out" where if you don't accept a rate hike, you pay what you owe at the previous rate and they close the account.
by Jen-Jen on September 25th, 2009
I wouldn't advice it.
by Yarnlady is happy every day on September 23rd, 2009
It's not necessary to go to that extreme. All you have to do is call the credit card company and request a reduction in rate, and if you have made payments on time, they will do as you ask.
This can happen even if they haven't unfairly raised your rate. It is possible to get a rate reduction just by asking. I do it all the time.
by Loco-motion on October 4th, 2009
Go for it!! This will teach the banks to be more responsive to us!!!!
by Retired From The Internet on August 9th, 2010
Yep, you should definitely do it. It's certainly the bank's fault that you agreed to take on debt knowing that the interest rate could change at any time. You should teach them a lesson for letting you be so stupid.
What is the maximum interest rate?
by Answerbag Staff on June 27th, 2010
| 1 person likes this
What is the average credit card interest rate?
by Answerbag Staff on May 7th, 2010
| 1 person likes this
How do I calculate daily credit card interest?
by Answerbag Staff on May 7th, 2010
| 1 person likes this
Currently I have a credit card that has a apr of 25.24%. They are changing my APR to the "Index" whatever that is + a margin of 16.74%. What is the Index and will this be a better apr than i had before or worse?
by Elijul on October 13th, 2009
| 1 person likes this
What are some reasons why credit scores should not be used to determine interest rates on credit cards?
by Flypcyde31 on September 13th, 2010
| 1 person likes this
You're reading Ann Minch of Red Bluff, Ca. announced in a YouTube video that she'd launched a one-woman "Debtors' Revolt". She will refuse to pay off her credit card balance after an unfair interest-rate hike. She got her interest rate reduced. shall we all try this?
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Comments
Smart person Thanks + 6
by calicorey on September 23rd, 2009