here's a copy and past from a blog I read regularly about Bank of America raising everyone's rates lately
Quote:
* Fiona's APR went from 9.9% to 23.99% without ever missing a payment.
* Devan's increased from 9.9% fixed to 19.99% variable with no explanation.
* Dave had his APR raised from 6.99% to 25.99% without ever missing a payment.
* Mark's APR went from 5.9% fixed to 19.99% variable.
* Carl's interest rate raised from 9% fixed to 23% variable. B of A told him it was due to his "high balance" on the account.
* Jake had his APR increased from 9.9% fixed to 25.24% variable. B of A told him it was due to insufficiently large payments each month and a high balance.
* Carol's APR on her balance transfer jumped from 3% to 22% before the end of the promo period.
* Bob had his interest rate raised from 14% to 23%.
* Sean had his interest rate jacked up from 7.99% fixed (for 9 years) to 26.99%.
* Britney had her interest rate increased from 5.99% fixed (for 3 years) to 11.99%.
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