Requested reduction of Interest Rate
Date: Fri, 01/07/2011 - 14:22
Hi;
Betsy (my Wife) called Target today and asked about a reduction in our interest rate (APR) on the Target card. Given our good credit and payment history with them, I expected Target to be somewhat amenable to our request. Not only was the associate very curt and impolite with Betsy, she essentially told her Target's "board" had instituted a policy refusing to take interest rate reduction requests from any customer. I don't know the fair credit and lending act by heart, but this sounds almost illegal. Can you offer any advice on this topic?
Betsy (my Wife) called Target today and asked about a reduction in our interest rate (APR) on the Target card. Given our good credit and payment history with them, I expected Target to be somewhat amenable to our request. Not only was the associate very curt and impolite with Betsy, she essentially told her Target's "board" had instituted a policy refusing to take interest rate reduction requests from any customer. I don't know the fair credit and lending act by heart, but this sounds almost illegal. Can you offer any advice on this topic?
Why would it be illegal? If you use their card, you agree to the
Why would it be illegal? If you use their card, you agree to their terms. You can always pay with cash and not pay interest.
