| Author | Message | ||
     Machomegastar Junior Artist Username: Machomegastar Post Number: 485 Registered: 02-2008 Posted From: 208.105.1.254 Rating: N/A |
do they increase interest rates on already occured balance. or they just increase rates on the new balance to be spent | ||
| Tinku Comedian Username: Tinku Post Number: 1573 Registered: 08-2008 Posted From: 198.133.105.247 Rating: N/A |
Its more to do with reducing the credit lines rather than increasing the interest rates.Banks do not want to lend. I watched Meredith live at 3:45 PM.She is good looking.Last time choosi nappudu inka bagundi.She was saying share prices of financial firms need to come down further. Ilantivi anni govt loni jarguthayi.So don't blame us - Congi. | ||
| Proline Comedian Username: Proline Post Number: 1803 Registered: 06-2008 Posted From: 170.22.76.10 Rating: N/A |
citi is giving opt-out feature...may be
they increased 5% to me...and i am opting out (cancelling the card). already "chase" started closing inactive accounts....(couple of my friends got closing letters). | ||
| 3t3 Junior Artist Username: 3t3 Post Number: 196 Registered: 05-2008 Posted From: 207.114.255.54 Rating: N/A |
by how much? | ||
| Proline Comedian Username: Proline Post Number: 1801 Registered: 06-2008 Posted From: 170.22.76.10 Rating: N/A |
already citi increased rates. chase is going to revise the rates...and i expect the same with boa soon.... | ||
| Rajusk Side Hero Username: Rajusk Post Number: 4741 Registered: 02-2008 Posted From: 66.93.90.250 Rating: N/A |
Bank of America Corp (NYSE:BAC - News), Citigroup Inc (NYSE:C - News) and JPMorgan Chase & Co (NYSE:JPM - News) represent over half of the estimated U.S. card outstandings as of September 30, and each company has discussed reducing card exposure or slowing growth, Whitney said. Closing millions of accounts, cutting credit lines and raising interest rates are just some of the moves credit card issuers are using to try to inoculate themselves from a tsunami of expected consumer defaults. A consolidated U.S. lending market that is pulling back on credit is also posing a risk to the overall consumer liquidity, Whitney said. Mortgages and credit cards are now dominated by five players who are all pulling back liquidity, making reductions in consumer liquidity seem unavoidable, she said. The credit card market will be 18 months behind the mortgage market and will begin to shrink by mid-2010, Whitney said. If any of you are paying interest on Credit Card debt..please closely watch for any increase in Interest rates...before they hit your hard.. |
