Credit cards Complaint - Apr%
CALIFORNIA -- Why i ask are credit cards allowed to take a persons need for a loan on purchases and turn that loan into way more than it was. i have credit cards that i owe on. i have paid them off charged again paid them off etc. i am never late and i pay more than the amount owed. but i notice the more i owe the more the apr% seems to go up. for what reason i ask. all of a sudden the apr% changed on me and my finance charge is more than my payment. it just seems to me that credit card companies are allowed to take advantage of every situation they can. what gives them the right. why do they have that right. its written that they can change the apr% if you have to many credit cards or that u missed a payment on another credit card or that you applied for a loan to many times or if someone made a credit check on you to many times. them being allow to follow your every finance move when your bills are being paid is invasion of privacey. it leaves us wide open for them to come in and make things worse. and we have to go along with what they say. they are putting americans in debt. and i want to no why its allowed. they allow no grace period for holidays. or any excuse for couple of days late. instead of working with you they up your apr% which only makes matters worse. they are making so much money lending us money its just not right. why is it allowed. why is my question?