Citigroup increases clients debt by raising interest rates!
A few days ago Citigroup sharply increased their rates on about 15 million of their card holders. Could the reason be because starting next month there will be laws in place to prevent them from doing this? Nah, couldn’t possibly be the reason. Citigroup claims the rate hikes where merely part of regular account reviews. What do you...
Read MoreChase forcing more consumers to turn to Debt Settlement or Bankruptcy
As the recession drags on and consumers are struggling to keep their heads above water, JPMorgan Chase is throwing out bricks to many of their customers. About 15 million Chase credit card holders are going to get an unpleasant surprise in August when their minimum payment jumps from 3% to 5%. If you have a $10,000 balance on your chase card, instead of the typical $300 payment, you may be...
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