credit card company may have lowered my interest rate on a closed card

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debitcard guru
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credit card company may have lowered my interest rate on a closed card

Postby debitcard guru » Tue Feb 23, 2010 4:54 pm

credit card company may have lowered my interest rate on a closed card.

The cut my interest rate amount in half. Don't know the minimum yet. I just notice that on the website that the interest was reduced. The card was closed by me, at a flat rate way before the new laws when into effect. I am in the U.S. I am just hoping the website is not a mistake.


For your info, I am on dial-up.


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Mogul of Pineapples
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Postby Mogul of Pineapples » Sat Feb 27, 2010 11:46 pm

That's a nice surprise if it's correct! Which issuer is it? I know Advanta, which is now out of business, was forced to reduce interest rates on existing accounts in order to make good on their promises.
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debitcard guru
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Postby debitcard guru » Sun Feb 28, 2010 7:58 am

Mogul of Pineapples wrote:That's a nice surprise if it's correct! Which issuer is it? I know Advanta, which is now out of business, was forced to reduce interest rates on existing accounts in order to make good on their promises.

It might be a court settlement or an enticement to keep me from going to a ccc. They may have put me in the hardship program automatically. I rather not say the name. At least tell I know if it is true or what it is. Which I will know by the end of March.



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