Wamu, Washington Mutual Card Services Interest Rate Hike without notice Dallas Texas

Steven,

You obviously have never been a customer of WaMu. I had the same thing happen to me. I had a credit limit of $16,000 with an interest rate of %9.25 and had a balance of $850 when I got a letter from them saying "Do to reports from 'other' creditors, Washington Mutual will be raising the interest rate to %29.9 and lowereing your credit limit to $850"

I have no idea who the "other" creditors were, but I have not been late on payments, I always pay more than the minimum and use credit cards as little as possible.

When I called them to find out why they had done this, their response was "Because we can."

I paid off my account with them and cut up the card. I will NEVER use them again.

Steven,

You obviously have never been a customer of WaMu. I had the same thing happen to me. I had a credit limit of $16,000 with an interest rate of %9.25 and had a balance of $850 when I got a letter from them saying "Do to reports from 'other' creditors, Washington Mutual will be raising the interest rate to %29.9 and lowereing your credit limit to $850"

I have no idea who the "other" creditors were, but I have not been late on payments, I always pay more than the minimum and use credit cards as little as possible.

When I called them to find out why they had done this, their response was "Because we can."

I paid off my account with them and cut up the card. I will NEVER use them again.

Steven,

You obviously have never been a customer of WaMu. I had the same thing happen to me. I had a credit limit of $16,000 with an interest rate of %9.25 and had a balance of $850 when I got a letter from them saying "Do to reports from 'other' creditors, Washington Mutual will be raising the interest rate to %29.9 and lowereing your credit limit to $850"

I have no idea who the "other" creditors were, but I have not been late on payments, I always pay more than the minimum and use credit cards as little as possible.

When I called them to find out why they had done this, their response was "Because we can."

I paid off my account with them and cut up the card. I will NEVER use them again.

Let me see. You paid off the balance at the beginning of the year and they lowered your limit from 2500 to 280. I don't think so. Why such an odd amount. Least I've seen a credit card go to is 500 dollars. For the most part usually around 800 dollars. Next question 26.74 interest???? You are clearly not a GOOD customer. What was your rate before???? Find it hard to believe they lowered your limit without good reason for being a good customer. They usually raise it as well as lower your rate.

WAMU will never fix it unless forced by filing a formal complaint with the Office of Thrift Supervision. They will not fix your issue unless you report them. Also be aware they will lie to you over and over again and even lie in their response to the OTS, which is illegal.

As far as I know filing the complaint with the OTS is the only reason the issue I had was resolved in my favor. I did advise the OTS that WAMU perjured themselves in the written response but doubt anything was done about it

I had different problems with them and they will lie and cheat you out of your money.

Remember that they are one of the biggest banks caught up in the sub-prime mortgage mess and they are making their GOOD customers pay for their bad business decisions.