All Posts Tagged With: "higher APRs"

Dear Credit Card Companies,

Why are you raising the annual percentage rates on the accounts of your paying customers?  I find it strange that in the midst of this failing economy where customers are suffering probably more so than you are, that you would do such a thing.  Has not the Federal Reserve Bank lowered the prime rate?  Why is that not passed on to your customers?  Oh I get it: you want the customers who are already paying you to also pay for your mistakes in lending to folks with shaky credit histories.  Are you not already standing in the corporate bread line looking for taxpayer handouts?  Oh yeah, you want us to pay twice for your mistakes.

That’s right.  Credit is not overly abundant these days so we will accept anything from you at this point.  We have no other options.  Well, I have a surprise for you: I don’t have to pay your higher APRs and won’t.  Don’t be surprised if you get a Dear John letter from me soon.

KTHXBAI.

XOXOXO