Mish details how the greedhead move by Citi (and other credit card companies, see the comments to the post) in raising credit card interest rates for many to 29.99% for no reason may be due to their deteriorating financial positions rather than their usual avarice and contempt for customers.
Posts Tagged ‘credit cards’
Debtor’s Revolt
John Robb hopes this video goes viral, based on the comments about it at Naked Capitalism, I think it already has.
Her credit is fine and she pays her credit cards on time. But BofA raised her interest rate to 30%. So “you are evil, thieving bastards” getting rich off government loans while gouging the public. [...]
