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**WaicurtaitfuT** · 12-18-2009, 05:45 AM

All my lenders upped my rate to 30%. Even citi, who had me at an 11%, finally sent me a letter saying in February it's going up to 30%. My goal is to zero out all my cards by then.

Thats where my credit cards are at, 30-33% What I did was asked my dad for loan to pay off these bulls!it lenders and their criminal rates. In total I owe just under 13K as of today, but if I werent to get a loan from my dad and I kept paying my cards as normal Id end up owing upwards of about 27K. So my xmas present this year is a loan from my dad at 0% interest.

and how did they come up with 80% interest?? My gawd, not even the mafia charges that much. I dont see this as a good strategy for getting new borrowers, if anything most ppl will steer away from even considering a cc in the 1st place

12-18-2009, 05:45 AM	#3
WaicurtaitfuT Join Date Oct 2005 Posts 420 Senior Member	All my lenders upped my rate to 30%. Even citi, who had me at an 11%, finally sent me a letter saying in February it's going up to 30%. My goal is to zero out all my cards by then. Thats where my credit cards are at, 30-33% What I did was asked my dad for loan to pay off these bulls!it lenders and their criminal rates. In total I owe just under 13K as of today, but if I werent to get a loan from my dad and I kept paying my cards as normal Id end up owing upwards of about 27K. So my xmas present this year is a loan from my dad at 0% interest. and how did they come up with 80% interest?? My gawd, not even the mafia charges that much. I dont see this as a good strategy for getting new borrowers, if anything most ppl will steer away from even considering a cc in the 1st place
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