Quote:
Originally Posted by guccilvr
[...] they go on to say that "we have reviewed our credit policies and have decided that in January 2010, your APR will be moved to 17.9% on balances and purchases and a default rate (I'm guessing that means if I default on payment) of 29.4%"
I cracked up. Times are tough so here's a healthy dose of 'FUCKYOU!' I could understand if it was someone who had iffy credit.. but I don't.
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I find this odd because my line of credit and my credit card have both gone down by about 2 percentage points. (Or, essentially, decreases of about 22 and 18% respectively--on what were already reasonable rates of 9 and 11% respectively.) This is mainly because of the Bank of Canada's steady rate cuts, and the coinciding cuts of the banks' prime rates. That's right. The credit products are at two different banks.
You, my friend, are a victim of predatory credit practices. But I see you have no need of telling.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
Last edited by Baraka_Guru; 03-08-2009 at 01:16 PM..
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