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lookout123 · 12-03-2008, 10:49 AM

My dad just received a very "uniquely" phrased letter from citi. He let my sister use his CC to buy her truck a couple years ago. Fixed 3% for the life of the loan. That is the only purchase ever made on the card and she only has about a year left to pay on it. The letter is confusing but once it is deciphered it basically says we want to raise your rate to 12%. Yeah, we agreed on 3% but we need more money. If you don't agree with us raising your rates you have to let us know in writing. If you don't want us to change the rate we won't let you use the card for future purchases. Funny.

12-03-2008, 10:49 AM	#2
lookout123 changed his status to single Join Date: Apr 2004 Location: Right behind you. No, the other side. Posts: 10,308	My dad just received a very "uniquely" phrased letter from citi. He let my sister use his CC to buy her truck a couple years ago. Fixed 3% for the life of the loan. That is the only purchase ever made on the card and she only has about a year left to pay on it. The letter is confusing but once it is deciphered it basically says we want to raise your rate to 12%. Yeah, we agreed on 3% but we need more money. If you don't agree with us raising your rates you have to let us know in writing. If you don't want us to change the rate we won't let you use the card for future purchases. Funny. __________________ Getting knocked down is no sin, it's not getting back up that's the sin