Providian Credit Card Interest Rate Raised Without Notice high interest rate Dallas Texas

I have had a Washignton Mutual Credit card for about 10 years now. I never had a problem with them until the card changed over to Providian.

I had a 19% APR on the card. In the past 4 months, the APR has been increased to 33% without warning or in writing. I called to their "outsourced" call center and was told that when my credit score goes down, then my APR increases.

Hmmm...so they keep jacking up my rate , which puts more money on my credit card, which puts me over the 50% limit of my credit card, which in turn decreases my rate. I have been scammed and from what I am reading it's completely legal because of legislature.

I want to get a loan to pay it off so I can cancel it, but I can't because my credit score keeps going down. Although I have never missed a payment or payed late, I have a decreasing credit score. Which is also causing my APR on this credit card to increase as I speak.

Can anyone offer advice on getting them to decrease the rate, which I have already tried to no avail. Or how I can take legal action, I mean when does the APR stop at 100%??? I need out of this credit card and as the minimum payment keeps increasing, I can only imagine sooner or later I will be over the limit because of the charges.

Silvia
Warwick, Rhode Island
U.S.A.