US increased credit card interest rate AGAIN

[Anonymous]

so frustrated...i have been doing nothing but paying down credit for three years..but the cards keep raising interest rates until i am paying nothing on the principle.  it is making it impossible to keep up, i have nothing in savings or retirement.  us bank will not negotiate rate or payment.  they did allow one card to go on a one year reduced interest payment, but jacked it up higher on month 13.  bof a set a 350.00 month plan 3 years ago..i had used cards to keep business open during construction period 4 years ago, and it is desroying us.  so far have struggled and made minimum payments, but just cant keep this up when they hit me more and more..any advice?

[CS800]

Sorry to hear about that but i can sympathize with you. I was there once with BoA.

I had 3 cards with them and had som lates on all of them. My interest back then was pushed to 31%

Called them to reduce it so I could pay, but hey didnt want to. I was told the only way they could reduce the interest was (to 2%) to close the account (that's what the account manager told me then)

I would call the executive office and make your case. What is the interest rate you have right now? The other alternative would be to do a balance transfer on a card with 0% for 12-18 months (if your credit can take the hit).