03-19-2009 11:07 AM
03-19-2009 11:46 AM
I was expecting this somewhat but I've been hearing more and more people who are "prime" receiving letters of interest rate increases. I got a letter the other day stating that because they've reviewed my credit, they're increasing my interest rate to 28% ABOVE the WSJ interest rate. So basically over 30% lol... Mind you, I've increased my credit scores by about 100 on each of the bureaus. What gives? I mean talk about excessive!
are you sure that is not the new default rate?