Welcome to what Daily Puma calls Soiled Green.
YOU ARE A TOXIC ASSET IF YOU HAVE ALWAYS PAID YOUR BILLS ON TIME, AND YOU MUST BE CONVERTED TO SOILED GREEN.
Soiled Green is the act of banks trying to SOIL your credit rating by increasing your monthly minimum payment 250%. When you can’t afford this 250% increase ( 600 dollars a month for some customers) the banks then report your Toxicness to the credit bureaus and then charge you obscenely higher interest rates on the very same debt you previously had been paying down for years, on time.
Plus, ALL OF YOUR OTHER DEBTS will most likely get hit with much higher interest rates as well. Only then will Wall Street Be Happy because it means these robber baron banks have created more profit.. At this point, you become a frightened worker bee whose only mission is to try and pay bills, nothing else matters nor do you care to get involved or protest basically illegal credit card actions out of fear you will fall further behind with your bills
And in Congress, the Band Plays On.
America, Wall Street and Congress are screwing you so badly, it is time to take matters into your own hands. These people are starting to look like bedfellows. Either that or everyone in Congress is inept. You pick.
Our Congress looks the other way every single day while you get screwed. All those contributions to their election buckets have turned them against you. They are not protecting you from these sharks.
If you have stellar credit, you are being screwed.
They are deliberately trashing your credit rating, and your Congress doesn’t give a rat’s ass. Neither does the White House. This is starting to look like one big party.
As I mentioned before, I’ve had a 5 % Capital One card for nearly two decades and got a letter saying they would arbitrarily raise my rate to 11% in April. I called and protested and they offered me an “Opt out” that would keep my rate but freeze my card. This was a deliberate effort to shitcan my FICO score. I refused and told them I would just keep their card for spite and never use it again till they returned my original rate. They decided to let me keep my rate for awhile. Then they had the AUDACITY to remind me to use the card and take advantage of their great rate! I will never use their card, I don’t care if they put it down to 1%. Just for spite.
Do you realize what these pigs are doing while Congress hums along? Your credit score can influence a whole boatload of things. Your car and home insurance premium for starters. If these racketeers continue to go unchecked, Corporations everywhere will profit and you will lose! They will have the benefit of a responsible payer as a customer with the added benefit of a nice high interest rate!
America, you are being shafted. Not just by Tim Geithner, Goldman Sachs and International Bankers, but by your own elected officials. They are letting this happen and doing NOTHING about it. If they can fire CEOs they can protect you. But they don’t. What part of this is hard to understand?
There is a shakedown going on here! They are deliberately trashing good credit scores so that they can rape the wallets of ALL Americans.
You are going to have to fend for yourself, because sooner or later, this is going to affect YOUR wallet.
Go here to see what other fed-up Americans are doing. And while you are there, read what some other banks like Citbank and AMEX are up to. Sooner or later, you are going to be raped.
I am more convinced every day that this is deliberate wallet rape. Don’t be silent! Cramp your credit card company’s phone lines with complaints. If they announce that they are changing your rate, pay off cards if you can and then tell them in person that you will never use their card until they re-instate your original agreement. Do not cancel the card! Make them do the work it takes for you to keep it! They deserve to have thousands upon thousands of unused registered cards that give these pigs nothing but an echo.
If you can’t pay off your card, go to your Congress Rep’s web site and tell him or her to start paying attention to their constituents instead of greedy international bankers who write them campaign checks. Don’t email them just once. Do it every day and get as many people as you can to do it every day. Jam their email servers. Tell them you vote and that they will NEVER get your vote unless and until they put a complete stop to the harassment of Americans by the credit card companies. Tell him or her that you are sick of hearing congress say they care and you expect Congress to prove it! It’s time that voters harass them in the way these banks, that have gouged the treasury have the audacity to harass us.
Incidentally, just in case you don’t think this is deliberately contagious, Bank of America has just announced that they too are going to gouge the hand that kept them alive. They are also raising rates on anyone with a balance, and particularly on anyone who has less than a ten percent interest rate, regardless of your credit rating.
The Federal Reserve and other bank regulators passed rules in December that would limit banks’ ability to raise credit-card interest rates. But that doesn’t start until July 2010.
Now, Congress is considering separate bills that would impose stronger restrictions on banks much sooner. Last week, the Senate Banking Committee approved its version of the legislation, which is waiting for a full Senate vote. A House subcommittee passed similar legislation last week.
Thataway Congress! Jerk around and play with yourselves, while your banking buddies do all their damage to Americans first. You know, give em that time to crank up those rates and get your campaign contribution, wink wink. You hypocritcal bastards!