USA Today quote

[LimpDisc]

This was from an article in this weekends USA Today newspaper

Ruth Susswein, a deputy director of Consumer Action, an advocacy group, said she sees a "direct link" between banks' rate hikes and their rising default rates. The industry, she added, is "transforming healthy customers into unhealthy ones."


This is so true for us. We were never late, always paid more then the minimum and never missed a payment. Bank of America closed our account with a balance and our credit score started to fall. Every other creditor followed suit and the snowball started rolling downhill. Now we will file chapter 7 in December.

[2manybills]

This was from an article in this weekends USA Today newspaper

Ruth Susswein, a deputy director of Consumer Action, an advocacy group, said she sees a "direct link" between banks' rate hikes and their rising default rates. The industry, she added, is "transforming healthy customers into unhealthy ones."


This is so true for us. We were never late, always paid more then the minimum and never missed a payment. Bank of America closed our account with a balance and our credit score started to fall. Every other creditor followed suit and the snowball started rolling downhill. Now we will file chapter 7 in December.

Us too! BofA was our first and then it started. BofA was our oldest account and they were the worst. They were also the first to try to settle for a lesser amount when we quit paying. It all doesn't add up. To me if feels like they are pushing people into this position.

[NoMoreCards]

Chase did it to me. I was never late, and always paid more than the minimum payment. Then they jacked the minimum payment from 2% to 5%, and I could no longer make the minimums.

They would not reduce the payments, so I sent the money they would have gotten to the attorney and filed.

In hindsight, it was the best thing I could have done considering everything.

Thanks Chase!!!

Lol!

[whipster1]

Chase Chased me to BK court after they rate-jacked and citi followed closely...never late, never over limit...now they will never get another nickle from me