Report: GM Credit Card Services
Category: Miscellaneous Companies
GM Credit Card Services Raised my interest rate from 10.99% to 32.44% and will not lower it Ripoff Carol Stream Illinois
*Consumer Comment ..GOOD JOB PIANOMAN, NOW YOU MUST...
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GM Credit Card Services
Fax:
Carol Stream, Illinois, 60128
U.S.A.
Submitted: 8/30/2007 5:40:22 PM
Modified: 2/15/2008 10:27:04 AM
Betty
Clermont, FloridaAfter 15 years with GMCredit Card services they raised my interest rate from 10.99% to 32.44% and will not lower it at all. I hold a credit rating of 716 and they say I am a risk. I have never been late, Never had bounced checks. In fact always paid more on my bill that they asked. I have called every month to ask for a lower rate and the same thing is said every time. 'We have no lower rate for you at this time'. I feel like this is legalized 'Loan Sharking'. Please, anyone out there. CUT up their card and don't let this happen to you. Recently in the news I heard this happened to Chase Manhatten Banks too. The government stepped in. Does anyone know who I can contact in the government to stop this 'Loan Sharking' from continuing? This is so unfair to all of us who make an honest living.
Betty
Clermont, Florida
U.S.A.
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Updates & Rebuttals:
- Go To The Toyota Page Of This Site And Read... Karl [9/3/2007 2:20:05 PM]
- Send Your Story To All News Stations In Your City And To... Karl [9/3/2007 6:01:18 PM]
- re: John [9/3/2007 10:00:26 PM]
- GM Credit Card/HBSC Betty [9/4/2007 5:38:23 AM]
- How I Won Pianoman [10/7/2007 4:35:56 AM]
- GOOD JOB PIANOMAN, NOW YOU MUST... Karl [2/15/2008 10:06:08 AM]
Go To The Toyota Page Of This Site And Read...
Read the RICHMOND TOYOTA story and then go to the Rebuttals and send your story to ALL of the News Stations listed. (9News, Fox 31 News, Dateline NBC, & 60 Minutes). There is no guarantee that they will respond but if you don't mail them your story, they'll never know.
GM has to pay over $5 Billion every year for Health Insurance for their workforce & their retired workers. Guess how they are coming up with that money? Answer: by RAISING YOUR interest rate on your Credit Card!!
The Collapse of the U.S. economy is in its infancy. Get all of your money out of the stock market and cash in your retirement NOW! Most people cannot see what is coming. I do! Americans have $4 Trillion in their retirements. 90% of that money is invested in the Stock Market!! All of the clues and indicators are pointing to another COLLAPSE of the Stock Market! When the Stock Market goes, so goes Americans RETIREMENTS!! I hope I'm wrong!! But to HOPE against what IS happening does no good!
Good Luck! Make sure to mail your story VIA Post Office.
Write a letter, you'll feel better!
P.S. Go to 9news.com and type in the name ORNELAS and search the story that made the Front Page of the Denver Post on 5-19-2005 and watch the Video that made the 10 O'clock News on the #1 Most watched News Station in Colorado. A simple hand-written LETTER did all of that! I know this because I wrote that letter and mailed it to ALL News Stations in my City. 9News Cares!!
Send Your Story To All News Stations In Your City And To...
You must alert ALL News Stations in your city and also send your story to Dateline NBC, 60 Minutes, and Geraldo Rivera! This proves that our economy is in SERIOUS trouble! Millions are in your same situation! The Collapse Has Been Triggered!!!
Go to the TOYOTA page on this site and read the story about what Richmond Toyota did to the innocent people on social security and go to the Rebuttals and get the addresses to mail your story! You must do it NOW!!!!
re:
This nation no longer has usury laws...the credit card companies are free to raise your rates as they please for any reason. They usually cite changes to your credit report: one missed payment or your percent utilization rate going over a certain percentage...Ultimately...they could say they did it because the sky is blue and get away with it.
If you have the money to pay the balance off or if you have credit available to balance transfer the entire balance...use this as a bargaining chip to get your old rate back....Tell them to either give you the old rate back or you'll close the account.
If you're not in a position to do either...sadly there's not much you can do...there's nothing illegal about what they did no matter how horrible it is.
If and when we take back our democracy....we can re-institute usury laws to prohibit these practices.
GM Credit Card/HBSC
After 15 years with GMCredit Card services they raised my interest rate from 10.99% to 32.44% and will not lower it at all. I hold a credit rating of 716 and they say I am a risk. I have never been late, Never had bounced checks. In fact always paid more on my bill that they asked. I have called every month to ask for a lower rate and the same thing is said every time. 'We have no lower rate for you at this time'. I feel like this is legalized 'Loan Sharking'.
Please, anyone out there. CUT up their card and don't let this happen to you. Recently in the news I heard this happened to Chase Manhatten Banks too. The government stepped in. Does anyone know who I can contact in the government to stop this 'Loan Sharking' from continuing? This is so unfair to all of us who make an honest living.
How I Won
I too fell prey to GM Credit cards 33% rate. I contacted them....got their typical scripted line of 'this is the best rate we can offer'. One night I jumped online and filed complaints with the Better Business Burea, Office of the Controller of the Currency, My States Attorney Generals Office and my local Senator. I noted this information on the Better Business Burea filing. 2 Days later I recieve a call from Britney At GM Customer Satisfaction.....they lowered my rate to 12% and issued a refund of 400.00 in interest
Submitted: 2/15/2008 10:06:08 AM
Modified: 2/15/2008 10:27:04 AM
Karl
Highlands Ranch, ColoradoU.S.A.
GOOD JOB PIANOMAN, NOW YOU MUST...
Sing us your song Mr. Pianoman, sing us your song tonite! For there are Americans reaching out for the answers, and it looks like you've done things that are right!!
POWER TO THE PEOPLE!!!
'Never, ever, ever, give up.' - Winston Churchill
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