Comments on: Credit cards gone wild: Shocking rate hikes http://smallbusiness.blogs.cnnmoney.cnn.com/2008/12/17/credit-cards-gone-wild/ Editors from FSB magazine answer your pressing small-business questions. Sat, 07 Nov 2009 04:49:19 +0000 http://wordpress.com/ hourly 1 By: Joe Martinez Irvine, CA http://smallbusiness.blogs.cnnmoney.cnn.com/2008/12/17/credit-cards-gone-wild/#comment-2032 Joe Martinez Irvine, CA Wed, 28 Oct 2009 22:45:34 +0000 http://askfsb.blogs.fsb.cnn.com/?p=874#comment-2032 Just to let you and your reader know, ADVANTA which was a major issuer of credit cards to business has now moved what's left of its operation to India, they are gouging long time customers with fees that violate usury laws and there absolutely nothing you can do about it. Numerous class action lawsuits are being filed against them, follow their NASDAQ listing - a trial lawyers dream and a credit card holders nightmare. (NasdaqGS: ADVNA) http://finance.yahoo.com/q?s=advna Just to let you and your reader know, ADVANTA which was a major issuer of credit cards to business has now moved what's left of its operation to India, they are gouging long time customers with fees that violate usury laws and there absolutely nothing you can do about it. Numerous class action lawsuits are being filed against them, follow their NASDAQ listing – a trial lawyers dream and a credit card holders nightmare. (NasdaqGS: ADVNA)

http://finance.yahoo.com/q?s=advna

]]> By: John Miami, FL http://smallbusiness.blogs.cnnmoney.cnn.com/2008/12/17/credit-cards-gone-wild/#comment-2030 John Miami, FL Wed, 28 Oct 2009 19:15:58 +0000 http://askfsb.blogs.fsb.cnn.com/?p=874#comment-2030 We work with people who have been screwed by credit card companies. send an email to debtrelief@rocketmail.com detailing how much you owe and if you are delinquent. We can negotiate these balances down to approx 55 cents on the dollar, cut your interest rates to 0 and put you on a repayment program of 6 to 60 months. Your credit report will show up as 'paid as agreed' We work with people who have been screwed by credit card companies. send an email to debtrelief@rocketmail.com detailing how much you owe and if you are delinquent. We can negotiate these balances down to approx 55 cents on the dollar, cut your interest rates to 0 and put you on a repayment program of 6 to 60 months. Your credit report will show up as 'paid as agreed'

]]> By: larry august elkton fl http://smallbusiness.blogs.cnnmoney.cnn.com/2008/12/17/credit-cards-gone-wild/#comment-2026 larry august elkton fl Tue, 27 Oct 2009 15:52:53 +0000 http://askfsb.blogs.fsb.cnn.com/?p=874#comment-2026 we can thank mr Obama for this, just like everything else he said, it just opened a can of worms and made it worse, all these comments are right on,and theres not a damn thing people like us can do, hopefully, if we all keep makeing enough noise about these greedy co's, they will step in and correct this , we need to fight back ,pay up our cards, stop useing them, let them go under, they dont care about us, why should we care about them we can thank mr Obama for this, just like everything else he said, it just opened a can of worms and made it worse, all these comments are right on,and theres not a damn thing people like us can do, hopefully, if we all keep makeing enough noise about these greedy co's, they will step in and correct this , we need to fight back ,pay up our cards, stop useing them, let them go under, they dont care about us, why should we care about them

]]> By: larry august elkton fl http://smallbusiness.blogs.cnnmoney.cnn.com/2008/12/17/credit-cards-gone-wild/#comment-2025 larry august elkton fl Tue, 27 Oct 2009 15:40:39 +0000 http://askfsb.blogs.fsb.cnn.com/?p=874#comment-2025 way to go Laura, i'm with you, when i finish my obligation, these credit card companies can go you know where, i hope they loose there shirts and go belly up way to go Laura, i'm with you, when i finish my obligation, these credit card companies can go you know where, i hope they loose there shirts and go belly up

]]> By: Laura chillicothe,ohio http://smallbusiness.blogs.cnnmoney.cnn.com/2008/12/17/credit-cards-gone-wild/#comment-1900 Laura chillicothe,ohio Fri, 10 Jul 2009 14:11:41 +0000 http://askfsb.blogs.fsb.cnn.com/?p=874#comment-1900 These credits card copmanies have been out of control way too long and the government giving these companies the time to raise rates on people before employing the new laws is just krap my chase mastercard was raised on me from 15% to 22% for no reason whats so ever i had always payed it on time and well above the minimum payment and their reason in the flyer was to " recover rising costs" well i will make sure they get no more money from me as I have put that card up and will cancel it once its payed off . I had been a customer for over 15 years and this is the thanks they give me so my answer back to them is BITE ME!! and I hope all the rest of your customers declare bankruptcy and you get not a dime from them...I am done from now on if it can be bought with savings i don't need it These credits card copmanies have been out of control way too long and the government giving these companies the time to raise rates on people before employing the new laws is just krap my chase mastercard was raised on me from 15% to 22% for no reason whats so ever i had always payed it on time and well above the minimum payment and their reason in the flyer was to " recover rising costs" well i will make sure they get no more money from me as I have put that card up and will cancel it once its payed off . I had been a customer for over 15 years and this is the thanks they give me so my answer back to them is BITE ME!! and I hope all the rest of your customers declare bankruptcy and you get not a dime from them…I am done from now on if it can be bought with savings i don't need it

]]> By: et hartford Ct http://smallbusiness.blogs.cnnmoney.cnn.com/2008/12/17/credit-cards-gone-wild/#comment-1883 et hartford Ct Wed, 01 Jul 2009 18:51:50 +0000 http://askfsb.blogs.fsb.cnn.com/?p=874#comment-1883 Here are the facts. Yes, President Obama and Congress did something to "control" the credit card industry, but allowed them enough time to raise interest rates sky high. They talk so much about corporate America being befriended by -Republicans, when all I am seeing is buddyship with the Democrats. They word it in a roundabout way to make it sound like they are cracking down, yet allowing them time to jack interest rates to the sky now. It won't matter in 2010 that they have control. All this has done is made people more in debt and will drive many to default. It will make some of us smart enough to stop using credit cards though. Wonder how the cc industry is going to feel about that. If Obama and the dems even want to try to fix the economy after giving these banks our tax money and in return they thank everyone with rate hikes.......FREEZE THE CREDIT CARD COMPANIES FROM RAISING RATES NOW!!!!! Here are the facts. Yes, President Obama and Congress did something to "control" the credit card industry, but allowed them enough time to raise interest rates sky high. They talk so much about corporate America being befriended by -Republicans, when all I am seeing is buddyship with the Democrats. They word it in a roundabout way to make it sound like they are cracking down, yet allowing them time to jack interest rates to the sky now. It won't matter in 2010 that they have control. All this has done is made people more in debt and will drive many to default. It will make some of us smart enough to stop using credit cards though. Wonder how the cc industry is going to feel about that.

If Obama and the dems even want to try to fix the economy after giving these banks our tax money and in return they thank everyone with rate hikes…….FREEZE THE CREDIT CARD COMPANIES FROM RAISING RATES NOW!!!!!

]]> By: George Palmer, Ormond Beach, Fl http://smallbusiness.blogs.cnnmoney.cnn.com/2008/12/17/credit-cards-gone-wild/#comment-1806 George Palmer, Ormond Beach, Fl Thu, 28 May 2009 01:05:30 +0000 http://askfsb.blogs.fsb.cnn.com/?p=874#comment-1806 Everyone, just look at it this way. This is a wake up call for all of us. Pay the cards off and never use one again. I know thats the path I'm walking towards!!8-) Everyone, just look at it this way. This is a wake up call for all of us. Pay the cards off and never use one again. I know thats the path I'm walking towards!!8-)

]]> By: Will, Kentucky http://smallbusiness.blogs.cnnmoney.cnn.com/2008/12/17/credit-cards-gone-wild/#comment-1802 Will, Kentucky Wed, 27 May 2009 16:11:27 +0000 http://askfsb.blogs.fsb.cnn.com/?p=874#comment-1802 Just because people make mistakes does not give other people the right to take advantage. There are good people out there that use their cards for emergencies only and pay their bills faithfully like good upstanding citizens do, but yet they get caught up in the orgy of crap because of other peoples mistakes. We are not outraged by the people who made the mistakes, we are outraged for the people that obey the rules and get raped anyway. Just because people make mistakes does not give other people the right to take advantage. There are good people out there that use their cards for emergencies only and pay their bills faithfully like good upstanding citizens do, but yet they get caught up in the orgy of crap because of other peoples mistakes. We are not outraged by the people who made the mistakes, we are outraged for the people that obey the rules and get raped anyway.

]]> By: PizzaMan, Kentucky http://smallbusiness.blogs.cnnmoney.cnn.com/2008/12/17/credit-cards-gone-wild/#comment-1800 PizzaMan, Kentucky Wed, 27 May 2009 16:01:56 +0000 http://askfsb.blogs.fsb.cnn.com/?p=874#comment-1800 You shouldn't insult honorable Pizza Delivery drivers like that. And I don't mean that to be cute either. My Pizza delivery job is getting me through college, no credit cards required. You shouldn't insult honorable Pizza Delivery drivers like that. And I don't mean that to be cute either. My Pizza delivery job is getting me through college, no credit cards required.

]]> By: ChamberstucsonAZ http://smallbusiness.blogs.cnnmoney.cnn.com/2008/12/17/credit-cards-gone-wild/#comment-1789 ChamberstucsonAZ Tue, 26 May 2009 16:56:55 +0000 http://askfsb.blogs.fsb.cnn.com/?p=874#comment-1789 Heres something to think about. Did you know that the average retailer raises the cost of every item in the store in order to cover the loss on receivables? Its called "allowance for bad debts" and is contra to accounts receivable. Think about it -- if yu pay cash for the items purchased you are payinf MORE than you should pay. You are literally being penalized for paying cash!!! I s this a great country or what??? Heres something to think about. Did you know that the average retailer raises the cost of every item in the store in order to cover the loss on receivables? Its called "allowance for bad debts" and is contra to accounts receivable. Think about it — if yu pay cash for the items purchased you are payinf MORE than you should pay. You are literally being penalized for paying cash!!! I s this a great country or what???

]]> By: Todd Burke http://smallbusiness.blogs.cnnmoney.cnn.com/2008/12/17/credit-cards-gone-wild/#comment-1775 Todd Burke Fri, 22 May 2009 20:46:40 +0000 http://askfsb.blogs.fsb.cnn.com/?p=874#comment-1775 That's a lame excuse......One of my credit cards systematically reduced the due date from the 29th to the 23rd over a four month time span. When I missed a payment by one day (after they reduced it by three days), I complained and they removed the late fee and put my due date back to the 29th. Your lame excuse is worthless That's a lame excuse……One of my credit cards systematically reduced the due date from the 29th to the 23rd over a four month time span. When I missed a payment by one day (after they reduced it by three days), I complained and they removed the late fee and put my due date back to the 29th. Your lame excuse is worthless

]]> By: Tyler Durden, Surf City, NC http://smallbusiness.blogs.cnnmoney.cnn.com/2008/12/17/credit-cards-gone-wild/#comment-1768 Tyler Durden, Surf City, NC Mon, 18 May 2009 20:29:37 +0000 http://askfsb.blogs.fsb.cnn.com/?p=874#comment-1768 This is not about irresponsible consumers who some of you posters think are to blame! This is about banks being too big to stop. THEY have found less than honorable ways to dramatically increase their profits. THIS WASN'T HAPPENING 10 YEARS AGO when the industry was more reputable. WORST OF ALL, this is impacting small businesses who create more than half of the private non-farm gross domestic product, and they create 60 to 80 percent of the net new jobs. Nearly half of small-business owners identified credit cards as a source of financing they had used in the previous 12 months. How many businesses are being forced to layoff workers because of these unwarranted rate hikes? One of the basic tenets of free-market capitalism is the sanctity and insolubility of contracts, but somehow the credit-card industry has managed to insulate itself from adherence to this principle, retaining the right to unilaterally change the conditions of their contracts at any time. This is not about irresponsible consumers who some of you posters think are to blame! This is about banks being too big to stop. THEY have found less than honorable ways to dramatically increase their profits. THIS WASN'T HAPPENING 10 YEARS AGO when the industry was more reputable. WORST OF ALL, this is impacting small businesses who create more than half of the private non-farm gross domestic product, and they create 60 to 80 percent of the net new jobs. Nearly half of small-business owners identified credit cards as a source of financing they had used in the previous 12 months. How many businesses are being forced to layoff workers because of these unwarranted rate hikes? One of the basic tenets of free-market capitalism is the sanctity and insolubility of contracts, but somehow the credit-card industry has managed to insulate itself from adherence to this principle, retaining the right to unilaterally change the conditions of their contracts at any time.

]]> By: G'mmel Ola, Ottawa, ON, Canada http://smallbusiness.blogs.cnnmoney.cnn.com/2008/12/17/credit-cards-gone-wild/#comment-1717 G'mmel Ola, Ottawa, ON, Canada Thu, 23 Apr 2009 14:28:35 +0000 http://askfsb.blogs.fsb.cnn.com/?p=874#comment-1717 I am employed at Bank Of America and we use a similar system but its not because you pay on time. If you take into account holidays in the billing cycle it can increasethe amount of days in your billing cycle. That's why it states on the credit card agreement that the billing cycle can fluctuate anywhere from 25 - 35 days in a billing cycle. This is why your due date changes from month to month I am employed at Bank Of America and we use a similar system but its not because you pay on time. If you take into account holidays in the billing cycle it can increasethe amount of days in your billing cycle. That's why it states on the credit card agreement that the billing cycle can fluctuate anywhere from 25 – 35 days in a billing cycle. This is why your due date changes from month to month

]]> By: wallis,austin,tx http://smallbusiness.blogs.cnnmoney.cnn.com/2008/12/17/credit-cards-gone-wild/#comment-1716 wallis,austin,tx Thu, 23 Apr 2009 14:06:12 +0000 http://askfsb.blogs.fsb.cnn.com/?p=874#comment-1716 Its absolutely insane, how some legislators/congresspersons, can fight bring credit card companies in line with basic tort laws. If someone is ,<b>not,</b>fighting these loan sharks, then they must be promoting and <b>supporting loan sharking practices</b>. Example,"I haven't heard any evidence that the competitive market isn't working," said Rep. Jeb Hensarling, R-Texas. "In the absence of that, why are you attacking risk-based pricing?" This guy is an elected crook, voters, get rid of this trash now, or we all suffer losing our homes/business's. Its absolutely insane, how some legislators/congresspersons, can fight bring credit card companies in line with basic tort laws. If someone is ,not,fighting these loan sharks, then they must be promoting and supporting loan sharking practices. Example,"I haven't heard any evidence that the competitive market isn't working," said Rep. Jeb Hensarling, R-Texas. "In the absence of that, why are you attacking risk-based pricing?" This guy is an elected crook, voters, get rid of this trash now, or we all suffer losing our homes/business's.

]]> By: Mark, Phoenix, AZ http://smallbusiness.blogs.cnnmoney.cnn.com/2008/12/17/credit-cards-gone-wild/#comment-1702 Mark, Phoenix, AZ Sat, 18 Apr 2009 22:04:00 +0000 http://askfsb.blogs.fsb.cnn.com/?p=874#comment-1702 I was told by Citibank (for a Sears card) that they have a 30 day billing cycle and can change the due date each month. But if you pay off the balance they make it a 20 day cycle. I think they will still send you a bill once a month and change the day if they notice you paying to the due date. I was told by Citibank (for a Sears card) that they have a 30 day billing cycle and can change the due date each month. But if you pay off the balance they make it a 20 day cycle. I think they will still send you a bill once a month and change the day if they notice you paying to the due date.

]]> By: Vivek L, White Plains, NY http://smallbusiness.blogs.cnnmoney.cnn.com/2008/12/17/credit-cards-gone-wild/#comment-1569 Vivek L, White Plains, NY Fri, 27 Feb 2009 22:09:07 +0000 http://askfsb.blogs.fsb.cnn.com/?p=874#comment-1569 Hi Owen, We have been hearing the same complaints from other small business clients of ours who are being subjected to arbitrary increases in credit card rates and fees. The bankruptcy law rewrite did a lot of damage to the consumers’ rights and the result is today every lender can raise their rates on your debt if you miss one single payment with any one of your other creditors! Indeed our bankers alliances have been telling us that they are constantly monitoring small business owners credit scores to see if there are any new inquires against their credit so that they can in turn use that as an excuse to jack of up rates or freeze out lines. Hopefully the added pressure from congress and the promise by this administration to get tougher on banks with regards to banks lending practices may bring about some change. In the meanwhile I recommend that you carefully ready all about how you personal credit scores can be affected on this excellent forum and our websites, both of which give you tons of free resources. Good luck. Vivek L www.smallbusinessplanresources.com En Espanol www.smallbusinessplanresources.com/spanish Hi Owen,

We have been hearing the same complaints from other small business clients of ours who are being subjected to arbitrary increases in credit card rates and fees. The bankruptcy law rewrite did a lot of damage to the consumers’ rights and the result is today every lender can raise their rates on your debt if you miss one single payment with any one of your other creditors!

Indeed our bankers alliances have been telling us that they are constantly monitoring small business owners credit scores to see if there are any new inquires against their credit so that they can in turn use that as an excuse to jack of up rates or freeze out lines.

Hopefully the added pressure from congress and the promise by this administration to get tougher on banks with regards to banks lending practices may bring about some change.

In the meanwhile I recommend that you carefully ready all about how you personal credit scores can be affected on this excellent forum and our websites, both of which give you tons of free resources.

Good luck.

Vivek L
http://www.smallbusinessplanresources.com

En Espanol
http://www.smallbusinessplanresources.com/spanish

]]> By: Mark, Kenosha, Wi http://smallbusiness.blogs.cnnmoney.cnn.com/2008/12/17/credit-cards-gone-wild/#comment-1539 Mark, Kenosha, Wi Sat, 21 Feb 2009 03:10:32 +0000 http://askfsb.blogs.fsb.cnn.com/?p=874#comment-1539 Hi I was told by a senator that a credit card law/bill was passed last year December 2008. This law that will go into affect July 2010 will protect consumers/business from alot of these evil practices. Everyone should contact there state representatives and President Obama and ask to put that into law NOW. I think what you will see on your credit card bills now in 2009 will shock you even more. ADVANTA, CITI, CAPITOL ONE, WELLS FARGO, CHASE AND MANY MORE ARE ON THE MONEY QUEST. I belive you will see more bankruptcys then you could of ever imagine, people and small business will not have a chance with this open ended finance situation. Pay day loans and loan sharks sound like a better deal than your local bank. The worst thing is Citi was working on hitting us in the wallet while they were cashing the BIG WELFARE CHECK GIVEN TO THEM BY US "WE THE TAX PAYER" talk about biting the hand that feeds you. Hi

I was told by a senator that a credit card law/bill was passed last year December 2008. This law that will go into affect July 2010 will protect consumers/business from alot of these evil practices. Everyone should contact there state representatives and President Obama and ask to put that into law NOW. I think what you will see on your credit card bills now in 2009 will shock you even more. ADVANTA, CITI, CAPITOL ONE, WELLS FARGO, CHASE AND MANY MORE ARE ON THE MONEY QUEST. I belive you will see more bankruptcys then you could of ever imagine, people and small business will not have a chance with this open ended finance situation. Pay day loans and loan sharks sound like a better deal than your local bank. The worst thing is Citi was working on hitting us in the wallet while they were cashing the BIG WELFARE CHECK GIVEN TO THEM BY US "WE THE TAX PAYER" talk about biting the hand that feeds you.

]]> By: Mark, OKC, OK http://smallbusiness.blogs.cnnmoney.cnn.com/2008/12/17/credit-cards-gone-wild/#comment-1518 Mark, OKC, OK Thu, 19 Feb 2009 01:08:53 +0000 http://askfsb.blogs.fsb.cnn.com/?p=874#comment-1518 I provide legal representation to folks whose interest rates are hiked. Mark Bonner; 127 NW 10th St.; OKC, OK 73103. (Anywhere in the nation through local counsel.) Feel free to write or send an e-mail if you are looking for financial relief. lmb@nemw.com. I provide legal representation to folks whose interest rates are hiked. Mark Bonner; 127 NW 10th St.; OKC, OK 73103. (Anywhere in the nation through local counsel.) Feel free to write or send an e-mail if you are looking for financial relief. lmb@nemw.com.

]]> By: Penny, Dixon, CA http://smallbusiness.blogs.cnnmoney.cnn.com/2008/12/17/credit-cards-gone-wild/#comment-1510 Penny, Dixon, CA Sun, 15 Feb 2009 22:17:39 +0000 http://askfsb.blogs.fsb.cnn.com/?p=874#comment-1510 I just received a notice from Cap. One, telling me they are going to increase my interest rate to a variable rate determined by adding 26.1% to the prime. Isn't that criminal? I have not used this card for the past 3 or 4 months and it has no balance. Could it be, they want irresponsible spending? My inclination is to cancel the card. However, I have heard and read some problems with that, i.e., affects credit rating, etc. What have some of you experienced? I just received a notice from Cap. One, telling me they are going to increase my interest rate to a variable rate determined by adding 26.1% to the prime. Isn't that criminal? I have not used this card for the past 3 or 4 months and it has no balance. Could it be, they want irresponsible spending? My inclination is to cancel the card. However, I have heard and read some problems with that, i.e., affects credit rating, etc. What have some of you experienced?

]]> By: Chris Harrisburg PA http://smallbusiness.blogs.cnnmoney.cnn.com/2008/12/17/credit-cards-gone-wild/#comment-1503 Chris Harrisburg PA Thu, 12 Feb 2009 05:24:51 +0000 http://askfsb.blogs.fsb.cnn.com/?p=874#comment-1503 I was involved in an auto accident 2 years ago,1/06 I was forced off the road by a speeding suv (person on cell phone) and the person never stopped,my vehicle rolled over a 50 foot embankment and landed on the roof, I was self employed and had a modest $15,000 in the bank,and about 5 credit cards used for my business with approx. $50k in limits, my score was 790 and I carried about $3k in card debt... but being in a coma for 17 days and paralyzed until major surgery in Sept 08.I was unable to work and medical bills ate up my so called modest bank balance(I used up my medical insurance payments of $1million per accident(was not aware of such a clause) but I contacted AE and BoA and lastly Discover I explained my situation and the deferred all payments for 180 days I did have to use my 5th card to live you know food mortgage ect. now my auto policy was paying me a meager $1100 a month but with belt tightening I goy by to pay off the balance of the card I was still using, anyway 6 months later I open the other 4 bills and am just crazed to see 32.4% hike and 6 months of LATE FEES AND SERVICE CHARGES I called but was told they had no records of any defer action (3 companies?) so I faxed them what they sent me showing deferment for 6 months, they played the we never got the fax, when I had proof it sent, so I got pissed and kept faxing it to them(over 20 times) I then called and was told same thing, and since I did not pay as agreed they killed my limits to balance owed, I was livid but I said I would work it out(I never was late or missed any payment and always paid most off or left small balance) they called me deadbeat, welfare person and other bad names, so I sent cease and desist letters and I just gave up, here I am unable to work or walk getting abused by these scumbags, but after another surgery this past year I can now walk, and yes I defaulted on $3k, but you know what? I still have 1 card I explained what the other companies told me and they left my last card alone, I am soon going back to work and will I pay off my debt? hell no! I was a customer of them for over 9 years and they treat me like that? they can go to you know where if they go broke good!!!!! do I feel bad? NO! after sending over 90 faxes and having Dr notes explaining my accident. they are still too damn greedy to admit they are wrong, you know it was prob a person from 1 of those companies that caused my accident... (I know just venting) I was involved in an auto accident 2 years ago,1/06 I was forced off the road by a speeding suv (person on cell phone) and the person never stopped,my vehicle rolled over a 50 foot embankment and landed on the roof, I was self employed and had a modest $15,000 in the bank,and about 5 credit cards used for my business with approx. $50k in limits, my score was 790 and I carried about $3k in card debt… but being in a coma for 17 days and paralyzed until major surgery in Sept 08.I was unable to work and medical bills ate up my so called modest bank balance(I used up my medical insurance payments of $1million per accident(was not aware of such a clause) but I contacted AE and BoA and lastly Discover I explained my situation and the deferred all payments for 180 days I did have to use my 5th card to live you know food mortgage ect. now my auto policy was paying me a meager $1100 a month but with belt tightening I goy by to pay off the balance of the card I was still using, anyway 6 months later I open the other 4 bills and am just crazed to see 32.4% hike and 6 months of LATE FEES AND SERVICE CHARGES I called but was told they had no records of any defer action (3 companies?) so I faxed them what they sent me showing deferment for 6 months, they played the we never got the fax, when I had proof it sent, so I got pissed and kept faxing it to them(over 20 times) I then called and was told same thing, and since I did not pay as agreed they killed my limits to balance owed, I was livid but I said I would work it out(I never was late or missed any payment and always paid most off or left small balance) they called me deadbeat, welfare person and other bad names, so I sent cease and desist letters and I just gave up, here I am unable to work or walk getting abused by these scumbags, but after another surgery this past year I can now walk, and yes I defaulted on $3k, but you know what? I still have 1 card I explained what the other companies told me and they left my last card alone, I am soon going back to work and will I pay off my debt? hell no! I was a customer of them for over 9 years and they treat me like that? they can go to you know where if they go broke good!!!!! do I feel bad? NO! after sending over 90 faxes and having Dr notes explaining my accident. they are still too damn greedy to admit they are wrong, you know it was prob a person from 1 of those companies that caused my accident… (I know just venting)

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