Originally Posted by
sunniekiss
Wendy Lou I do agree with most of what you are saying however these credit card companies raised rates for no reason on people who do pay their bills on time. However congress DID mandate credit card changes HOWEVER they allowed the credit card companies months to up their rates.
You are correct that once you know the interest rates are going up then YOU & YOU alone make the decision whether or not to use the credit cards. If you make the debt, pay it.
OK however what about someone like me who had credit cards opened up under my name without my knowledge or approval with statements being sent to a different address than mine? This started 3 years ago & I only found out about it last year right around this time. the police don't want to be involved b/c their opinion is that I should have filed a report sooner. How could I when I didn't know? I have called & written the credit card companies asking for copies of statements only to be refused. I have spent the past year trying to work with these banks to work payoff's without any success at all.
I'm screwed & I did nothing wrong. All of the credit cards I opened up are all in excellent standing.
Trust me I wouldn't want to do your job at all.