Juniper - Barclays Bank Of Delaware Our rate is out of reach to pay off Wilmington Delaware

But they were in their "legal" rights to do exactly what they did. If you read the terms and conditions of the card they basically state that they can raise the interest rate for any reason(or even no reason at all). What they and a lot of other banks are doing is raising the rates on people who have a good payment history, to make up for their bad decisions in giving credit to people who should not have had credit in the first place.

However, under no circumstances should you stop paying the card. As you said try and find another card to transfer the balance off of. If you stop paying you are under estimating the damage.

Yes bad credit is one item. But if you have other credit cards they could have a clause that says if you default on a different card they can also raise your rates. During this time you can forget about any new credit. If you do default they also have the right to file a civil suit against you. This would not only be for the balance owed, but any additional interest as well as court and attorney fees. Once they have a judgment they may be able to do a wage garnishment, or garnish your bank accounts to pay the judgment.

But they were in their "legal" rights to do exactly what they did. If you read the terms and conditions of the card they basically state that they can raise the interest rate for any reason(or even no reason at all). What they and a lot of other banks are doing is raising the rates on people who have a good payment history, to make up for their bad decisions in giving credit to people who should not have had credit in the first place.

However, under no circumstances should you stop paying the card. As you said try and find another card to transfer the balance off of. If you stop paying you are under estimating the damage.

Yes bad credit is one item. But if you have other credit cards they could have a clause that says if you default on a different card they can also raise your rates. During this time you can forget about any new credit. If you do default they also have the right to file a civil suit against you. This would not only be for the balance owed, but any additional interest as well as court and attorney fees. Once they have a judgment they may be able to do a wage garnishment, or garnish your bank accounts to pay the judgment.

But they were in their "legal" rights to do exactly what they did. If you read the terms and conditions of the card they basically state that they can raise the interest rate for any reason(or even no reason at all). What they and a lot of other banks are doing is raising the rates on people who have a good payment history, to make up for their bad decisions in giving credit to people who should not have had credit in the first place.

However, under no circumstances should you stop paying the card. As you said try and find another card to transfer the balance off of. If you stop paying you are under estimating the damage.

Yes bad credit is one item. But if you have other credit cards they could have a clause that says if you default on a different card they can also raise your rates. During this time you can forget about any new credit. If you do default they also have the right to file a civil suit against you. This would not only be for the balance owed, but any additional interest as well as court and attorney fees. Once they have a judgment they may be able to do a wage garnishment, or garnish your bank accounts to pay the judgment.

Not paying your balance off is a bad idea, at best. This can cause your interest rates on other cards to rise and you may even be denied credit in the future. You may not think it's a big deal but life has a way of being unpredictable. There may well be an urgent situation where you will need a line of credit and unable to obtain one.

Just do as you first suggested, look for a card with a more favorable rate and transfer your balance.

Not paying your balance off is a bad idea, at best. This can cause your interest rates on other cards to rise and you may even be denied credit in the future. You may not think it's a big deal but life has a way of being unpredictable. There may well be an urgent situation where you will need a line of credit and unable to obtain one.

Just do as you first suggested, look for a card with a more favorable rate and transfer your balance.

Not paying your balance off is a bad idea, at best. This can cause your interest rates on other cards to rise and you may even be denied credit in the future. You may not think it's a big deal but life has a way of being unpredictable. There may well be an urgent situation where you will need a line of credit and unable to obtain one.

Just do as you first suggested, look for a card with a more favorable rate and transfer your balance.

Not paying your balance off is a bad idea, at best. This can cause your interest rates on other cards to rise and you may even be denied credit in the future. You may not think it's a big deal but life has a way of being unpredictable. There may well be an urgent situation where you will need a line of credit and unable to obtain one.

Just do as you first suggested, look for a card with a more favorable rate and transfer your balance.