[DainBramage]

I think thats what she saying. She was on Fox and said she had paid every payment on time, but since the bailout they raised her rate from 12 to 30% for no reason. All she wanted was to still pay her old (high rate).

After she had paid on that amount for as long as she had she had already covered the principle yet still owed the full balance. I know its poor money management but she had a point, when does it stop!

[M. Espinola]

The former CEO of Bank of America (still on the board) informed the New York Attorney General, after being asked where the tax-funded bailout money had gone he declared "I don't have to tell you". Anyone else would have been swiftly locked up for massive tax-fraud & interstate bank fraud -- for starters.

Even after Bank of America was handed billions in tax funds they still have the nerve to shake down customers with street corner interest rates, and nothing is done by the government to stop them. So goes the power of the banking lobby and paying off those on Capitol Hill who do their bidding.

[TNdandelion]

Mmm...BTDT and every card involved sent a letter stating the change in rate would take place....even BoA.

Apparently, this lady misplaced her letter or didn't read it. I don't blame her for being upset with the rate hike, but instead of refusing to pay what she legally owes, she should do what many other customers have done. Call the company to cancel the account and pay off the balance at the original rate. IF she had read her letter, she would have known that was an option for her.

[AppyPappy]

That’s why she needs to take her business elsewhere