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20 January 2009

two of my credit card providers have informed me they are increasing their rates, what can i do

I think this is scandalas, I have received two letters so far stating that the interest rate on my cards will uncrease and the increases are 6 percent above the present rate. How can this be , when the goverment are pumping more and more billions into the banks. You would think that the banks in question would give some leeway but as usual they are being as ruthless as ever.I have not missed a payment on either banks ever so maybe they figure I'm an ideal target to increase their rates on. Of coure I will be tranfering the money to smaller interest credit cards but will this be a trend with them all eventually. in the end I think the government will have to act and put a cap on all interest charges.

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