Screw you bank apoligist. Tell me why they have the right to do that to her? Hmmmm.
Maybe she should take her business elsewhere
That's her side of the story. I agree you can get raped by easy credit, and it takes a lawyer to the read the CC contract you can sign without a witness present, but I doubt they jacked up the rate to 25% for no reason.
I had rates jump from 0.0 to 6.6 to 12.9 to 24.99 on a card, mostly because I chose to miss some payments when I was employed 8 years ago.
“Tell me why they have the right to do that to her? “
Because she’s a dead beat and a bad risk.
If she doesn’t like the new rate, she can go try to get a lower-rate loan elsewhere and pay off her card.
Next time she should READ the FINE PRINT, and preferably not run up credit-card debt.
Everyone with at least half a brain knows that credit-card debt should only be for extreme emergencies. Buying presents for oneself is not such an emergency.