I had Citicard for many years. Never made a late payment or less than double minimum due. Payment was returned one month for postage. I called and informed them what happened and that it would be late.
The following month they raised my interest to 21%. I tried to get it lowered but no go. The following month my other cr.cards interest was raised to 21% even though there was NEVER a late payment. That was 2 years ago. I have now had my home foreclosed and several judgments against me because I could not keep up and gave up. We should have protection against this. I do not have the money to file bankruptcy and all this because my perfect credit was ruined because I didn’t put a stamp on an envelope and Citicard doesn’t believe in the human factor. Honest hardworking consumers should not be treated like criminals by Credit Card companies and their lives ruined, we should have some legal protection and be able to get free legal help when a situation such as this occurs.