For those who's CC rates have been raise
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For those who's CC rates have been raise
| Fri, 02-25-2005 - 9:58am |
I am occassional reader and infrequent poster. There have been several people who have had their rates raised recently although they have no late payments. I posted a few weeks ago that you can decline the rate change if you respond to the rate change notice. I've done this several times over the past few years and have been able to avoid massive rate increases. Here is a link to a piece on Bankrate.com with some more information.
You have to watch your mail carefully as these notices are usually sent separately. Your account will be closed and if you charge anything the rate will be immediately raised. This does not work if a late payment is what triggered the increase.
http://www.bankrate.com/brm/news/debt/20050211a1.asp?prodtype=cc
