Wednesday, November 18, 2009
Yuck! After my hubby paid off my massive credit card debt years before we got married, I was determined to not get into that kind of trouble again! We have 3 cards now, 2 of which have a balance. We have 0 % until next year on both, and the cash in the bank to cover the charges. So, the plan was to pay these out for the duration of 0% period...I got notice yesterday that 1 of the companies is not only raising our rate, but also ending our 0% period. Why? Because they can. We have impeccable credit and payment histories, so it isn't something we did wrong. A friend just got notice recently about her rate increase also, so I guess this is what they are doing to alot of people. I can tell you now that I won't be paying 9.99 or 14.99% interest on anything! We will be paying off the balance this month and ending our business with the company! Just whining about it now...I knew we'd eventually pay the card off, just thought it would be another 6 months or so...I feel really poor now :-( I guess I better be even more careful with my spending since this payment will use up a large chunk of our savings.