CIT Bank , Dell Financial Services C/O Dell Financial Services LLC P.O Box 81567 Austin, Texas 78708-1567 Increase in annual percentage rate Jacksonville, Florida

I have had a Dell preferred account for several years, have never been late in a payment, and generally pay more than the amount required. 

Today I received a letter from CIT C/O Dell Financial Services stating that in response to current market conditions my annual percentage rate will increase from 23.99% to 27.24% by October 1, 2009.

In addition, the letter states very threateningly that if I choose to reject these changes, my credit rating will be adversely affected.  Then it is suggested that my credit rating will not be affected if I choose to pay off my account by October 1, 2009.

What I find incredibly objectionable is that Dell has had a profitable quarter. 

I am a college student with student loans in deferment.  Other than these I have very few outstanding credit balances.

I am planning on paying off my account....and will NEVER by another Dell.  I plan to advise my college which has a very large student base to get the word out that Dell is definitely not customer friendly. 

For those of you who are reading this, I would suggest that you check out Axxx(((REDACTED))) computers.  They are reliable, cheap and the company is much more user friendly.

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