I would just like to throw out a big FUCK YOU Washington Mutual for raising my credit interest rate

[debbierlus]

NINE fucking percent for NO reason.

I called and I asked them why prey-tell did they raise my interest 9%? (I know they can do it for no reason, I just wanted them to have to say it). The girl on the phone couldn't tell me on the phone, and stated I would have to write a letter to the corporation to get an answer. I told them that they either restore my rate, or I would go elsewhere (I have good credit). So, I spoke with a supervisor (after a 12 minute wait) - and they were able to reveal that I was now a 'increased risk', although given that I haven't missed any payments and keep a very low to zero balance on All my debt, I couldn't see why. Then, I stated I wanted my rate lowered or I would stop being a customer. Nope, there were no 'special offers' at this time (I don't know what the hell that meant), so she couldn't help me at this time.

I told them I would pay off the card and then close the account.

'Sorry to hear that - good day, maam'....(Translation - Fine. Go somewhere else. They will do the exact same thing to you because we are loan sharks and we don't answer to anyone).

Corporate Fascism at its finest.


:mad:

[Parche]

1. You Mean WAMU?

The dumbest name in bank history fukin WA MU, what a stupid name...:hi:

[Vincardog]

2. Don't close your account. Fuck with them. OverPAY your amount by 1 cent. Make them spend money

every month sending you a statement that says they owe you a penny every month. Then use their return envelope to send them junk mail postage due.

Never charge anything to them again.

[AdvancedProgress]

3. You're not carrying a large enough balance...

for them to make $$$ off of you at a low interest rate.

:mad:

[Cassandra]

4. They raised it...

because they fucked up their mortgage lending and need your money to help pay it off.

[alcibiades_mystery]

7. Ding ding ding ding ding

Or as they call it, miscellaneous business reasons.

i.e., you, as a customer, get to subsidize THEIR fuck-ups.

This is why you should NEVER carry a credit card balance, period.

[Blue_Tires]

5. you can just extend that FUCK YOU to every CC company

I've got a MasterCard through General Motors (earn points toward a new car, etc)...Haven't had a single cent on the balance in 8 months, and i just got a letter Tuesday saying my APR was jumping up to 32 percent (from about 20)

[snappyturtle]

9. I KNOW that has happened to us but my hubbie isn't telling me

because I'd go ballistic! I know he is worried about something...we've both worked hard and done all we're supposed to do and pay bills on time but it could get to a point we can't depending on how greedy the banks become. Not much hope is there. Congress ought to be in session and reigning in the banks but I guess vacations and campaigning are more important.

[DJ13]

6. Its time to place a cap on credit card interest rates

They have no respect for their good customers.

Screw them.

[Warpy]

8. Solution: don't go anywhere else, just stop playing the game

because every card company in the business is going to start jacking up rates if you have too low a balance, if you have too high a balance, if you were one day late with the light bill check because the USPS screwed up, or if it's Wednesday and they're bored.

Pay them off, cut them up, and cancel them with the nastiest letter you can manage to write without descending into obscenity.

You can live without the convenience of debt at your fingertips. A junk account with an ATM will serve you very nicely. I know because I've done it for 17 years now.

[alcibiades_mystery]

10. Zactly

A wise economist once said that there's three ways dissatisfied employees and customers can register their dissatisfaction:

LOYALTY: Change it
VOICE: Protest it
EXIT: Leave it

The credit card companies give you only one choice: EXIT. It's time for us to exit from the credit scheme. It is debilitating and oppressive. Never carry a balance.

[debbierlus]

14. Your right. I don't need them. I was just thinking for traveling and reservations

But, with Visa debit, you can do the same thing, so FUCK EM.

My check will be in the mail this week. It is the only one I have, so so-long!

[MadHound]

11. Stop playing the credit card game

I've lived all my life without a credit card, and my life has been better because of it. No unexpected expenses or fees, a budget that I can live within, an excellent credit rating.

Cut up the cards and go to a cash/check/debit card lifestyle. Otherwise you're just going to continue to feed the beast, no matter where you go.

[debbierlus]

15. Duly noted.

Here come the scissors........

Man, that feels good!:toast:

[depakid]

12. It's not for no reason

Washington Mutual turned into a predatory lender- they've lost many BILLIONS on subprimes- and the only way they're making money these days is through excessive fees and abusive credit card practices.

[ileus]

13. discover done the same thing to us...I paid it off, 173 bucks. F them

[zorahopkins]

16. Do NOT Close Your Account!

I know it will feel good to close your account with them.

But do NOT close your account.

Doing so could harm your credit rating.

(At least that is what other people have told me about closing credit card accounts).

Just leave it open, but with a zero balance.

[romulusnr]

18. it's true -- two things.

unless it's your most recently opened card, canceling it will hurt your average credit account lifetime.
also, the more credit you have versus the balance you have in those accounts is good... if you leave a card open (with no balance) you add all that available credit to your ratio which raises it. Sure, they might try to cancel such a card because it doesn't make them any money, but there's no need for you to make it happen sooner.

[SmileyRose]

19. You'll take a 5 point hit on your FICO score - not much

I fired Wachovia for the same exact reason under the same circumstances. 3 months later my FICO score went down by 5 points and by the time I checked 6 months later it was back up. Someone like the OP with years of credit on the books and low or no balances won't even be affected in a real sense because when it comes to getting credit there is very little difference between an 810 and an 805 so to speak.

[romulusnr]

17. wamu sux but ccs do too

WaMu sucks. Suck big ones. Not Whoo Hoo but more like Boo Hoo. They fucked me over and I'd had no issue with their bank. Not only did they fuck me over but they lied to me about how I could get unfucked. Their phone support lies. Their tellers won't tell you what's going on with your account. And they didn't even fuck me over in an organized fashion, they were ass-slipshod about it, resulting in them basically fucking me twice over the same thing.

But on top of that credit cards are basically a fuck job, and you have to get yourself in a position to be ahead of them. I recommend you do all you can to pay off those cards. Last year I got a new card and played balance transfer shuffle and it helped me get ahead of the game a bit. I don't care if you have to cancel cable tv and shop at winco, get ahead of your cards. But ESPECIALLY your WaMu accounts. I will never willingly do business with them if I can ever help it.