TearAbite
join:2001-07-25
Rancho Cucamonga, CA | reply to damn
Re: Chase has gone mad. Raised my APR by 3 times
vote with your checkbook.. pay them off, then take your business elsewhere..
(now i gotta go run and look at my chase, former Wamu account) |
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IT Guy
Ow, My Balls
Premium
join:2004-07-29
Las Cruces, NM
clubs:
 ·Comcast
| said by TearAbite  :vote with your checkbook.. pay them off, then take your business elsewhere.. (now i gotta go run and look at my chase, former Wamu account) Same here. I loved WaMu. I despise Chase and if they pull this shit on me, it's bye-bye time. There definitely needs to be a cap on how high interest rates can go, it's highway robbery, not capitalism.
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My time is a piece of wax, falling on a termite, that's choking on a splinter. --Beck |
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hitachi369
Embrace Your Rights
Premium
join:2001-10-03
Grand Rapids, MI
 ·AT&T U-Verse
| said by IT Guy :There definitely needs to be a cap on how high interest rates can go, it's highway robbery, not capitalism. You're not being forced to do business with any credit card company. |
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IT Guy
Ow, My Balls
Premium
join:2004-07-29
Las Cruces, NM
clubs:
·Comcast
| Did I say I was being forced to do business with them? Still doesn't excuse the fact that many businesses are simply unethical under the guise of "doing business".
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My time is a piece of wax, falling on a termite, that's choking on a splinter. --Beck |
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avd706
insert annoying animated gif here
Premium
join:2003-02-06
Union, NJ
| reply to hitachi369
said by hitachi369 :said by IT Guy :There definitely needs to be a cap on how high interest rates can go, it's highway robbery, not capitalism. You're not being forced to do business with any credit card company. Lending is regulated. There already are usury laws, the gov't is just fine tuning credit card rules already in place. |
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IT Guy
Ow, My Balls
Premium
join:2004-07-29
Las Cruces, NM
clubs: | Yeah, loosely regulated. Wish I had lobbyists and millions of dollars to bribe politicians with, in order to push my agenda.
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My time is a piece of wax, falling on a termite, that's choking on a splinter. --Beck |
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Mr Neutron
Hopped up on what you mopped up
Premium
join:2005-05-30
Gorham, ME
| said by IT Guy :Yeah, loosely regulated. Wish I had lobbyists and millions of dollars to bribe politicians with, in order to push my agenda. Sounds like someone's catching on to the true nature of regulation. 
When all is said and done here, the only thing that will actually have happened is that some cost-shifting will have taken place. That is, the card companies will likely make the same amount of money, with the only thing different being the particular consumers the money is extracted from.
What's even better is that a lot of the people who work for the Feds end up going into the private sector, working for the same firms that their former bosses are (ostensibly) supposed to be regulating. Which can have a dramatic effect on the outcome of lobbying efforts to say the least.
But hey...it's all honest and aboveboard! 
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We could use the £5,000 to buy a spoon. And then fill up with ice cream. |
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mmmmmmm
@rr.com
| reply to TearAbite
Check fast, since my account was a WAMU and just found out that they increased my account to 27.99 percent up from 11.... without cause! I called my other card (Capital One) and wanted to do a transfer only to find that they had hiked that card as well to 24.99 percent APR! What is going on? Will the recent legislation make them lower this? |
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