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What is my credit score going to be if I pay off the highest balance CC to avoid interest rate jump? March 20, 2010

Posted by Banking in : Credit , 5comments
valentinzday asked:


I have recently been notified that my interest rate is going up because of an overdraft, but I’m considering paying off this card and closing it: it is one of my oldest cards. How would it affect my credit score? Any other suggestions for what to do? Thanks!

What credit cards pretty much approve anyone? November 12, 2009

Posted by Banking in : Credit , 7comments

tampabay5400 asked:


I have a low credit score (545) and would like too improve it by getting credit and paying it on time, problem is alot of creditors won’t accept be BECAUSE of my low credit, and I can’t just keep applying too everything because obviously that lowers your score. So PLEASE tell me which credit cards will give anyone a card even if the interest rate is insane!

Can my credit card company, namely Chase do this to me? October 26, 2009

Posted by Banking in : Credit , 11comments
I have flawless credit but due to some unfortunate things, I had to rely on my credit cards and have high balances. I have not been late on any of them or any other credit obligation that I have, in fact I have never been late on any of my payments every. My credit score is still over 700.

Yesterday I found out that Chase has increased the interest rate on my account from 14.24% to to 27.24%!

I called them and they completely refused to reduce my rate by saying that since I am using over 80% of my credit limit, I am a high risk so they can do that.

My question to you guys is, can they legally do that? What can I do to have my interest rate changed back to 14.24%? At this time, I am unable to transfer my balance to another account.

Please HELP!!!

By: thecharmedfive

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