Sears Complaint - Interest Rate Hike
Sears Credit Card Rate Increase:
I just received my bill and called to find out exactly what this meant to my bill. I was told the rate was jumping by nearly ten percent and going to a variable rate. The executives who work there have absolutely lost touch with reality. I have bought appliances and other items over the years and as of today will no longer shop at this store.
I will be writing an executive complaint for what it is worth but would love for someone at Sears to explain this rationale. The general public is already hurting and if you can't make it with the rates you previously had start asking why??? Now you are going to really hurt those who have little or nothing left in their budget....No wonder Sears has lost it's strong appeal with the general public that it enjoyed for such a long period of time. Lets watch their quarterly results over the next few quarters!