Tilted Forum Project Discussion Community - View Single Post - Started a new facebook group aimed at predatory credit practices

ngdawg · 03-08-2009, 07:38 PM

My dad, who is 79, kept a couple of Bank America credit cards stashed away for "just in case". One was a $27k card, the other $30k. He kept a running balance on the smaller one of under $200. BA sent him a notice saying they were cancelling both cards for "lack of activity". In other words, we don't want to risk you actually having to USE all that credit.....

That was his "hospital and/or funeral" back up. Now he's fucked.

I have a WAMU now Chase card and no sooner did they take it over then they raised the rate to 18.7%. When I called to say that's ridiculous and asked why, they responded my "history" was less than stellar. My history-I paid off the balance and $4.95 in interest remained that I didn't know about, then I had to start using the card a few months later, believing it was at 0.

Can't win.....what's worse is I used to be able to use the "I keep getting offers with 0%, so y'all just mark this as closed and I'll go to one of those" and they'd drop the rate. Now, nothing comes along.

03-08-2009, 07:38 PM	#10 (permalink)
ngdawg peekaboo Location: on the back, bitch	My dad, who is 79, kept a couple of Bank America credit cards stashed away for "just in case". One was a $27k card, the other $30k. He kept a running balance on the smaller one of under $200. BA sent him a notice saying they were cancelling both cards for "lack of activity". In other words, we don't want to risk you actually having to USE all that credit..... That was his "hospital and/or funeral" back up. Now he's fucked. I have a WAMU now Chase card and no sooner did they take it over then they raised the rate to 18.7%. When I called to say that's ridiculous and asked why, they responded my "history" was less than stellar. My history-I paid off the balance and $4.95 in interest remained that I didn't know about, then I had to start using the card a few months later, believing it was at 0. Can't win.....what's worse is I used to be able to use the "I keep getting offers with 0%, so y'all just mark this as closed and I'll go to one of those" and they'd drop the rate. Now, nothing comes along. __________________ Don't blame me. I didn't vote for either of'em.