“The idea the credit card companies have to raise rates from 7% to 30% overnight, just because a person is a day or two late with their payment, is ludicrous.”
They are raising rates on EVERYONE. Our rate just went to 29.99%. We always pay early and keep a low balance. We’re closing the card this week.
That’s been one of my biggest peeves about this, the idea that decent people could be caught in this snare. I’ll be honest. I can’t believe this isn’t a criminal act.
I’m glad you can get out from under it. I am very sorry for the folks who can’t.