Chase wanted to up my interest rate to 26.99%!!!!! That's like loan shark interest rates. So instead of getting a good percentage, they want to rob people? thank god there was an option to close the account, which I promptly did. I don't get these companies, instead of getting some money ,they jack up the rates to absurd levels on who are usually the poorer and maybe in more debt, so that they can't afford even the basic monthy payment, and they end up getting nothing. Just like the ARM, instead of keeping the rate the same, the jacked them up to the point people couldn't afford it and end up foreclosing.
26.99% is like drop your pants and grab your ankles. here she comes !!!!
yea damn! i screamed at a company that wanted to jump my rate to 14%