Capital One, once considered the leader in low-interest rate credit cards, is now battling several ongoing class action lawsuits for excessively increasing customers interest rates.
One high-profile case involves a man who had emergency open heart surgery. Due to his illness, Capital One received his payment one day late. Capital One subsequently increases his interest rate from about 7% to 21%.
Has Capital One recently increased your interest rates? How much has your interest rate increased?
Sunday, February 8, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment