Comments on: Credit Card Issuers to Begin Raising Rates http://www.visioncredit.org/credit-card-issuers-to-begin-raising-rates/ Your Nonprofit Credit Counseling Organization Sat, 13 Mar 2010 20:07:39 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Kenneth Long http://www.visioncredit.org/credit-card-issuers-to-begin-raising-rates/comment-page-1/#comment-1147 Kenneth Long Thu, 20 Nov 2008 14:38:02 +0000 http://www.visioncredit.org/?p=949#comment-1147 According to a notice distributed by Citibank, affected accounts may experience an increase in the purchases APR of no less than 19.99%, regardless if prime rate falls. If prime rate increases, then the rate would be U.S. Prime Rate plus 13.99%. Citigroup has previously announced that these rate increases will generally affect anyone that has not had a rate increase over the past 2 years. It is possible that if your rate does increase, that it may increase to a rate different than 19.99%. According to a notice distributed by Citibank, affected accounts may experience an increase in the purchases APR of no less than 19.99%, regardless if prime rate falls. If prime rate increases, then the rate would be U.S. Prime Rate plus 13.99%. Citigroup has previously announced that these rate increases will generally affect anyone that has not had a rate increase over the past 2 years. It is possible that if your rate does increase, that it may increase to a rate different than 19.99%.

]]> By: Gregory R Howard http://www.visioncredit.org/credit-card-issuers-to-begin-raising-rates/comment-page-1/#comment-1077 Gregory R Howard Sun, 16 Nov 2008 04:21:31 +0000 http://www.visioncredit.org/?p=949#comment-1077 HR 5244 is a very important piece of legislation particularly given the present economic climate. This bill was to erase leage FRAUD by the credit card companies. There is no other contract quite like theirs. Please don't be fooled into believing self regulation will stop the outrageous abuses of the past. Support HR 5244 it is a simple bill, easily read and understood. It is just plain fairness and common sense. HR 5244 is a very important piece of legislation particularly given the present economic climate.
This bill was to erase leage FRAUD by the credit card companies. There is no other contract quite like theirs.
Please don’t be fooled into believing self regulation will stop the outrageous abuses of the past. Support
HR 5244 it is a simple bill, easily read and understood. It is just plain fairness and common sense.

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