Washington Mutual WaMu raises credit card rates 100% Dallas Texas

Sherry,

If they cannot prove you got the alleged rate increase notice, they are out of luck.
All you need to do is maintain your position that you never got it, and then they are required to return your rate to the previous rate. Here's why. Federal Law requires a 30 day notification of a rate increase on a credit card and also gives you the option to opt out of the new rate, but then you cannot make new charges on the card. If you do, then you accept the new rate.

Basically, you can legally refuse the new rate, but your account is effectively closed at that point. However, you can pay off the entire account over a long period of time at the old terms.

OR, you can just walk away, and tell them to jump in a lake. This will hurt your credit, but is still an option, although not the best one you have.

Get a name of who you talk to, and a confirmation number.

My opinion is that they need to put these notices ON YOUR MONTHLY STATEMENT.
In clear view. Then there is no confusion, and the proof of delivery is automatic once you pay the bill from that statement.

Such an easy solution, but they like to skirt the law, and be deceptive.
They are in financial trouble and want to get every dollar they can, by any means possible.

Typical lowlife.

Then they wonder why people like me just walk away.
Think about it.

Sherry,

If they cannot prove you got the alleged rate increase notice, they are out of luck.
All you need to do is maintain your position that you never got it, and then they are required to return your rate to the previous rate. Here's why. Federal Law requires a 30 day notification of a rate increase on a credit card and also gives you the option to opt out of the new rate, but then you cannot make new charges on the card. If you do, then you accept the new rate.

Basically, you can legally refuse the new rate, but your account is effectively closed at that point. However, you can pay off the entire account over a long period of time at the old terms.

OR, you can just walk away, and tell them to jump in a lake. This will hurt your credit, but is still an option, although not the best one you have.

Get a name of who you talk to, and a confirmation number.

My opinion is that they need to put these notices ON YOUR MONTHLY STATEMENT.
In clear view. Then there is no confusion, and the proof of delivery is automatic once you pay the bill from that statement.

Such an easy solution, but they like to skirt the law, and be deceptive.
They are in financial trouble and want to get every dollar they can, by any means possible.

Typical lowlife.

Then they wonder why people like me just walk away.
Think about it.

Sherry,

If they cannot prove you got the alleged rate increase notice, they are out of luck.
All you need to do is maintain your position that you never got it, and then they are required to return your rate to the previous rate. Here's why. Federal Law requires a 30 day notification of a rate increase on a credit card and also gives you the option to opt out of the new rate, but then you cannot make new charges on the card. If you do, then you accept the new rate.

Basically, you can legally refuse the new rate, but your account is effectively closed at that point. However, you can pay off the entire account over a long period of time at the old terms.

OR, you can just walk away, and tell them to jump in a lake. This will hurt your credit, but is still an option, although not the best one you have.

Get a name of who you talk to, and a confirmation number.

My opinion is that they need to put these notices ON YOUR MONTHLY STATEMENT.
In clear view. Then there is no confusion, and the proof of delivery is automatic once you pay the bill from that statement.

Such an easy solution, but they like to skirt the law, and be deceptive.
They are in financial trouble and want to get every dollar they can, by any means possible.

Typical lowlife.

Then they wonder why people like me just walk away.
Think about it.

Sherry,

If they cannot prove you got the alleged rate increase notice, they are out of luck.
All you need to do is maintain your position that you never got it, and then they are required to return your rate to the previous rate. Here's why. Federal Law requires a 30 day notification of a rate increase on a credit card and also gives you the option to opt out of the new rate, but then you cannot make new charges on the card. If you do, then you accept the new rate.

Basically, you can legally refuse the new rate, but your account is effectively closed at that point. However, you can pay off the entire account over a long period of time at the old terms.

OR, you can just walk away, and tell them to jump in a lake. This will hurt your credit, but is still an option, although not the best one you have.

Get a name of who you talk to, and a confirmation number.

My opinion is that they need to put these notices ON YOUR MONTHLY STATEMENT.
In clear view. Then there is no confusion, and the proof of delivery is automatic once you pay the bill from that statement.

Such an easy solution, but they like to skirt the law, and be deceptive.
They are in financial trouble and want to get every dollar they can, by any means possible.

Typical lowlife.

Then they wonder why people like me just walk away.
Think about it.

Your WISEST action is to PAY OFF your credit card balances ASAP or you will discover one day that you are both old and poor.

Loans (except for fixed-rate house mortgages on houses bought at the right price) are a really bad idea.

Pay off WaMu now. WaMu needs money badly & you are a cash cow for them.

BoA raised their CC interest rates a while back by 100% to 200% and now they have used that money to buy Merrill Lynch.

So unless you want to help some millionaire CEO buy his new yacht, pay off the CC now.