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Originally posted by Digital_Reality
I had a BOA credit card with a 10K balance. I had 750 credit score and was NEVER late for a credit card payment for 5+ years. My APR was around 22 and my payments were like $250 a mo. that just went toward interest and fees, my balance was going nowhere and they were loving it.
I decided to call them and try to negotiate a better APR so I could get my balance down and they told me they would not help me because I had never had a problem paying in the past. I told them I fully intended to pay all of the debt but I needed help with the APR to be able to make a small dent. They refused any help.
I payed for a few more months then told them to get screwed. I sent a cease and desist letter so they could not contact me by phone and the calls stopped. A few months later they called me with a settlement offer. The offer was $1500! I scraped and borrowed and payed it. At the end of the year the bastards sent me a tax statement for 9K worth of income that I had to pay taxes on.
I wanted to pay the debt but they wanted me to be on a treadmill indefinitely.
That was my last credit card and ill never have one again.
I made a mistake by letting myself get that far in debt no doubt but they had no interest in helping me in any way pay on the actual debt.
Expensive lesson....
[edit on 9-9-2009 by Digital_Reality]
Originally posted by Perseus Apex
Over 350 Million Americans (as well as other countries) have been financially raped and they stand in awe, without claws?
Slaves or Sovereigns?
Your choice.
Originally posted by xoxo stacie
Well I made it to about the tenth time she decided to use cursing words then shut it off. There is one thing I always tell my children when it comes to speaking that way....If you want someone to listen to your point of view and not think you aren't able to think of something more intelligent to say DON'T CUSS!
So sorry hunny but the only revolt coming out of this type of display is the one of turning it off. This because she can't get a point across without using that kind of language. You want someone to take you seriously and listen to what you have to say? Do it with proper english in a way that all people can understand and not be offended by.
Originally posted by kadugen
As much as I dislike big banks, I don't agree with the woman in the video.
A credit card is a loan. The bank is providing you a service (loaning you money) and charging a fee (interest). In fact, there is no fee as long as you pay back each loan immediately. Basically the bank is deciding to charge you a higher fee for the service they are providing to you. IF YOU DON'T LIKE IT, MOVE TO ANOTHER BANK.
Of course anyone would and should be upset if no notice was given about raising the interest rate on your credit card, but I believe there are laws against that. It sounds like this lady either didn't read some fine print or wasn't paying attention and noticed too late that her interest rate was raised.
TOUGH SH!T. Pay your bills and change your bank.
If you don't care about your credit, by all means go on a shopping spree. I see nothing to protest about here. THEY ARE DOING YOU A FAVOR AND LOANING YOU MONEY.
Originally posted by xoxo stacie
Well I made it to about the tenth time she decided to use cursing words then shut it off. There is one thing I always tell my children when it comes to speaking that way....If you want someone to listen to your point of view and not think you aren't able to think of something more intelligent to say DON'T CUSS!