Comments on: Where's My Citi Rate Increase Letter? http://www.smartbalancetransfers.com/blog/2009/11/wheres-my-citi-rate-increase-letter/ The Balance Transfer Credit Card Resource Mon, 06 Feb 2012 15:29:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Balance Transfers Helper http://www.smartbalancetransfers.com/blog/2009/11/wheres-my-citi-rate-increase-letter/comment-page-1/#comment-1364 Balance Transfers Helper Tue, 16 Mar 2010 20:45:36 +0000 http://www.smartbalancetransfers.com/blog/?p=596#comment-1364 Steve, Unfortunately, they weren't when Citi raised your rate and, in many ways, they can be blamed for leaving a company like Citi the opportunity to raise the rate. If you have good credit, I would look into doing a balance transfer asap. At 29.99%, getting out of debt is nearly impossible. If your credit isn't good enough for a balance transfer (below 700 or so), you might want to look into credit counseling. By all means, do try to fight the increase though. Perhaps having a lawyer call for you might get the job done. Steve,

Unfortunately, they weren’t when Citi raised your rate and, in many ways, they can be blamed for leaving a company like Citi the opportunity to raise the rate. If you have good credit, I would look into doing a balance transfer asap. At 29.99%, getting out of debt is nearly impossible. If your credit isn’t good enough for a balance transfer (below 700 or so), you might want to look into credit counseling. By all means, do try to fight the increase though. Perhaps having a lawyer call for you might get the job done.

]]> By: Steve Maglio http://www.smartbalancetransfers.com/blog/2009/11/wheres-my-citi-rate-increase-letter/comment-page-1/#comment-1363 Steve Maglio Tue, 16 Mar 2010 15:38:52 +0000 http://www.smartbalancetransfers.com/blog/?p=596#comment-1363 CITI smammed me as well. Jacked my interest from 12.99% to 29.99% without any notice and for no reason. My account was paid on time. They claimed to have sent me an opt out letter that I never received. The interest rate they were charging me was clearly stated on my statements prior to September of 2009. From Sept. to januarry, there was no indication of the interest percentage on my statement. Then in February of 2110 they started to note the interest rate on my statements again which went up to 29.99%. What a bunch of theives. How is the federal government protecting me? CITI smammed me as well. Jacked my interest from 12.99% to 29.99% without any notice and for no reason. My account was paid on time. They claimed to have sent me an opt out letter that I never received. The interest rate they were charging me was clearly stated on my statements prior to September of 2009. From Sept. to januarry, there was no indication of the interest percentage on my statement. Then in February of 2110 they started to note the interest rate on my statements again which went up to 29.99%.
What a bunch of theives. How is the federal government protecting me?

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