I got a huge rate jack change of terms letter, does cap one reconsider? Whats the protocol?
Signature line begins: Credit is not a right, but a business transaction, one that takes into account risk, and charges accordingly based on that risk. Your credit score is an aspect of your credit profile. Important? yes but just an aspect. Contributing/supplemental information determines the finer point of the deal. Ask any question, respect me not to get mad if the answer is not the affirmation you are looking for,
I'm not sure what their thoughts will be this year but the last time they did a large scale rate jack I called the backdoor number about 6 months later and was able to have them reduce my APRs down below the rates they were at before the increases.
Could I have done this before 6 months?...probably. I was actually calling for a CLI and the CSR offered this to me. I plan on calling in a few months.