APR's Question
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APR's Question
| Thu, 08-19-2004 - 1:57pm |
Okay. I'm doing my budget. Again. I just noticed that from 3 months ago, my APR went up. MOST of my cards have gone up.
Is there anything I can do? I mean, this is getting ridiculous. Do they raise them because my balances are high? Or because of the economy? Is it just regular CC's? Cuz my sears card hasn't gone up (or down), in the 10 years that I"ve had that card.
I know MBNA is going to be a joke when they put into effect their variable rate, but if I close my account, do I really wanna be stuck with a 25% APR?


AM
~Cher
All my best,
Danni
Is there any way you can surf the balances to a lower APR card? If you can, do, then close the original accounts. If the APR's get too bad, then move them to the front of your debt snowball and get 'em g-o-n-e!
Good luck-
Lisa
Ugh! Thanks for the info. So i'm screwed right now. lol remind me to get rid of these things. lol.
can you tell i'm in a much less stressed mood? i am. making a budget is helping me feel better.
~Cher
Unfortunately, no, I can't open anything else. And most times when I close my account, they say, "then the apr will be fixed and you can't lower it" and i say, "but can you raise it" and they say "no". lol.
but, i think i'd be wary of all of them. i'm beginning to realize they're all scammy.
~Cher
Hi there!
I closed MBNA for the simple reason that everytime I turned around they were raising the credit limit. I would pay off a big chunk of it and then I would get a letter saying my credit limit had been raised to x dollars. It started out at a $5000 credit limit and ended at $12,500 limit. That was only in 8 years. I don't need nor like them and I refuse to do business with them anymore.
Good Luck with them.
Kellie