posted on Jan, 22 2008 @ 08:31 AM
These banks are loan sharks. Yes, I'm sorry, but get a credit card from them and be late on one payment, and watch as the interest rate sky rockets.
You can go five years with a perfect record, but be late on one payment, and they truly don't care. They got ya. I have been there. In the words
of a B of A supervisior: "You agreed to the terms, and why would we treat you any different from our other customers." I left B of A forever after
that. Maybe they should think about that.
I do not like this kind of news. The losses are so big, I wonder...What?