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Q: I have a credit card that was issued by MBNA Corp., which has been purchased by Bank of America. When the card was handled by MBNA my annual percentage rate was 5.9 percent.
As a result, I moved all of the balances from my higher interest-rate cards to this one because its had a sufficient credit limit to cover the balances. Also, I could make the minimum payment on the card and pay the finance charges.
My card is now handled by Bank of America. The APR on my card recently jumped from 5.9 percent to 19.99 percent.
I understand that the economy is changing and they have the right to increase the APR, but more than tripling it in one month seems a bit over the top.
I have never missed a payment nor have I been late making a payment.
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Business sector welcomes Bar-On as next finance minister - Ynetnews
Mon, 02 Jul 2007 06:16:21 GMT
| Business sector welcomes Bar-On as next finance minister Ynetnews, Israel - Business, financial sectors favor possible nomination of interior minister to finance minister, reminding him there's much to be done. ... |
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 Northland Independent Community | 18000 hit by finance company collapse Stuff.co.nz, New Zealand - By DAVID HARGREAVES - The Dominion Post | Tuesday, 3 July 2007 Finance company Bridgecorp Limited has collapsed, leaving about 18000 mainly "mum and dad" ... Finance company Bridgecorp collapses Bridgecorp placed in receivership Developer Bridgecorp crashes, $450m at risk |
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posted by Lino Abraham at 8:30 AM
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