topic Re: BYE BYE Hooters in Credit Cards

BYE BYE Hooters

orl2185 — Mon, 21 Jan 2008 15:42:04 GMT

Had this TL only a few months. Had CL at 5k along with 9.9 apr. Just paid balance down to zero, most I owed was 175.00. Got a message thru their website about increasing apr to 17.9 bc I got higher CLi with other creditors. WTF!!! Called them this morning, CSR rep mentioned to me about apr will be lowered by 04-08 and told me about cli to 9.5k with hard pull. Told them to go to you know where and to close account. Just logged and see new Cl as 9.5k. Not sure if credit pull was ordered. If they did a pulI, I will notify banking dept here in NYC, bc I asked them if call was monitored and rep told me it was. Hope you all be carefull with Merrick Bank.

All I read is positive posts, but now my annoying post.

Re: BYE BYE Hooters

Anonymous — Mon, 21 Jan 2008 16:25:35 GMT

you mean to tell me that if other creditors give me more of an increase, they can raise my apr?

Re: BYE BYE Hooters

Anonymous — Mon, 21 Jan 2008 17:12:20 GMT

Your APR went up because better terms on other cards? That makes no sense. That would make someone less likely to use the card.

These companies are going crazy...

Re: BYE BYE Hooters

Anonymous — Mon, 21 Jan 2008 17:27:25 GMT

It looks like Hooter's is becoming as finiky as Juniper, and some others.

I think it's partially due to the financial jitters going around the financing institutions. (imo)

Re: BYE BYE Hooters

orl2185 — Mon, 21 Jan 2008 18:53:55 GMT

missrenae wrote:
you mean to tell me that if other creditors give me more of an increase, they can raise my apr?

YES!!!, as horrible as it may seem

Re: BYE BYE Hooters

moonman — Mon, 21 Jan 2008 19:59:23 GMT

which is why i now for the last few years only carry 3 cards because of these cc manipulative policies.

@orl2185 wrote:
@Anonymous wrote:
you mean to tell me that if other creditors give me more of an increase, they can raise my apr?
YES!!!, as horrible as it may seem

Re: BYE BYE Hooters

Red1Blue — Mon, 21 Jan 2008 20:52:32 GMT

I do PIF and do not revolve balances. So interest rate does not matter to me as I would not keep the balances after the grace period. Some of my cards have AF. I have to ask them to waive the AF and if they say no, then I have to start closing the cards one by one.

Re: BYE BYE Hooters

Cory — Tue, 22 Jan 2008 02:06:55 GMT

Yes, that what Universal Default mean.

If you are late or delinquent with credit card no#1, Credit card no#2 can raise your Apr, and lower your credit limit.

I learned that one from watching Suze Orman show faithfully.

Cory

Re: BYE BYE Hooters

Anonymous — Tue, 22 Jan 2008 02:10:01 GMT

I only keep them for utilization.

Re: BYE BYE Hooters

Anonymous — Tue, 22 Jan 2008 02:13:20 GMT

thats the same thing I would do faircreditguy

Re: BYE BYE Hooters

orl2185 — Tue, 22 Jan 2008 02:24:11 GMT

Cory wrote:
Yes, that what Universal Default mean.

If you are late or delinquent with credit card no#1, Credit card no#2 can raise your Apr, and lower your credit limit.

I learned that one from watching Suze Orman show faithfully.

Cory

N/A this does not apply to me, not late with no other TL whatsoever

Re: BYE BYE Hooters

haulingthescoreup — Tue, 22 Jan 2008 02:36:18 GMT

Universal default results from screw-ups, not from other CCC's rewarding the customer. This isn't UD.

Is it Juni/ Barclay's that looks at your overall available credit, and drops theirs if they think that you don't need any more than the total amount you have now?

Re: BYE BYE Hooters

orl2185 — Tue, 22 Jan 2008 03:02:57 GMT

Well spoken MOD...