Bank of America credit card, raised my Wifes intrest rates to 21.9 percent Pendleton Oregon

CANCEL ALL ACCOUNTS WITH BOFA.

The government is going to convert them to a national bank to "protect" them from the stupid mistakes they have been making that resulted in the current economic crisis.


The only way to stop them is to close all accounts and let them go out of business.

the 'Usury Laws' that used to PROTECT Americans are no longer there!!! You can go to the BusinessWeek Article entitled- A CREDIT CARD YOU WANT TO TOSS (you can 'Google' it!), and read it. It's about Bank of America & credit card interest rates.

You can also read the 'Update' to the Ripoff Report entitled- RIP OFF REPORT GM CREDIT CARD SERVICES (you can 'Google' it!) where the gentleman, in one of the Updates, explains that the Usury Laws are no longer in effect, & the credit card companies (BANKS) are free to raise your interest rates for NO REASON at all!!!

P.S. In order to sing- 'PONZI THE BEAUTIFUL' you must 'Google' this- RIP OFF REPORT LEITH TOYOTA FINANCE, and go to Fausto's Ripoff Report that was posted on 12-17-2008, & modified on 12-21-2008. The song is an 'Update' to Fausto's Ripoff Report. (It's Ripoff Report #402261)

POWER TO THE PEOPLE

P.S.S. Make sure to 'Google' this- AMERICA: FREEDOM TO FASCISM, and watch that documentary on the web. It'll teach you all about BANKING!!!

If Bank of America had you on a variable rate, then they could legitimately increase your rate. If you haven't been late, over your limit, etc. where they would have reason to hit you with a default rate, they have a legal obligation to give you at least 14 days notice to Opt Out of any interest rate increases. If they sent you an Opt Out and you didn't accept it, your screwed. But, if they didn't send you an Opt Out notice to close your account and let you pay it off at the previous interest rate, I would sue them in small claims court for breaking the law.