it came.....

iVillage Member
Registered: 04-28-2007
it came.....
13
Sun, 02-22-2009 - 8:31am
we got the letter from Capital One saying they were increasing our interest rate. I knew it was coming the minute I read someone else on here got the same letter. Good news: we paid of DF's capital one card. Bad news: i still owe $400 on mine. were thinking of transfering $300 from DF's overdraft loan into my capital one card. our loans are only 11.25% where as the capital one will now be 29% almost 30 i think. *sigh* im ready to cut these cards up

 


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iVillage Member
Registered: 04-12-2007
Sun, 02-22-2009 - 9:17am

Can you opt out of the increase?

iVillage Member
Registered: 12-29-2008
Sun, 02-22-2009 - 1:04pm

Hi Robyn,


I, too, haven't received any notice.

iVillage Member
Registered: 03-17-2003
Sun, 02-22-2009 - 1:28pm

The 0% offer should be locked in for the specific period of time - May 2010.

iVillage Member
Registered: 03-17-2003
Sun, 02-22-2009 - 1:39pm

That's correct Robyn: you can opt out which then freezes the current interest rate and the account is closed to future use.

iVillage Member
Registered: 04-28-2007
Sun, 02-22-2009 - 2:46pm

well id hate to have to do that because were trying to raise our credit score, not lower it. i just need to find every way i can to pay it off asap

 


laurenaugust.gif picture by wowen<

iVillage Member
Registered: 12-29-2008
Sun, 02-22-2009 - 4:52pm

Oh, you bet, Carolyn!

iVillage Member
Registered: 12-21-2004
Sun, 02-22-2009 - 6:31pm

I sent my letter to Juniper bank at the beginning of the week telling them that I rejected the increase in interest rate - I had e-mailed them once this week - and then last night I got an e-mail from them saying that they had received my rejection of the interest increase letter and that my account had been closed.

iVillage Member
Registered: 03-17-2003
Sun, 02-22-2009 - 7:54pm

I just want to remind you things won't always be this way.

iVillage Member
Registered: 12-21-2004
Sun, 02-22-2009 - 8:02pm

I hope to get them paid off even sooner now....I want to snowflake everything I can toward them!

iVillage Member
Registered: 11-21-2007
Tue, 02-24-2009 - 1:02am
I got mine today...going from 13.9 up to 22.9. It does say 'please note that the rate on purchase balances...will not expire until at least January 2010.' Does that mean that my current balance will remain at 13.9 until next year?

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