Citi raises rates on millions of credit cards: report

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Re: Citi raises rates on millions of credit cards: report

Postby Mrs. Blueblood » Thu, 02 Jul 2009 10:41:57 GMT

Citi is leading the way. They are the first of all the rest.
Thanks to the legislative changes, ALL credit card companies have to change their operating models. - not making a judgement on the legislation or the companies. The change is a fact.

If a company has to change the way they do business, who is going to pay for that? THE CONSUMER - ME and YOU!!

the estimates I have seen to make these changes are staggering. More and more changes are coming our way. THe ways we are used to getting money in America will continue to change. Mortgages, loans, student loans, credit cards, etc. We are in for big cultural changes.

again may all be for the good, but change is always difficult.

Pay off your bills! Save as much as you can. You will never regret it.
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Re: Citi raises rates on millions of credit cards: report

Postby Tracy » Thu, 02 Jul 2009 11:55:55 GMT

we recently refinace our house wit ha 15 year mortgage the payments are 200 more a month and i will save over 90k on the loan. BTW i got the loan at 4.5%
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Re: Citi raises rates on millions of credit cards: report

Postby ADH » Thu, 02 Jul 2009 12:22:12 GMT

where did you refinance Tracy? We would love to do that, but the problem is that our house is no longer worth what we owe on it, so no one will give us a loan for that amount.
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Re: Citi raises rates on millions of credit cards: report

Postby Tracy » Thu, 02 Jul 2009 12:38:22 GMT

well it did take us over 60 days but we were able to get it done thought PNC. I spoke with Brett Guido and he was able to lock in a rate for us. The value of our property was lower then i would have though as we have put in a nice investments in upgrades.
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