Citibank N A Complaint - Citibank, Loan Shark Rates
Recently we received "The Letter" from Ken Stork informing us of the interest rate hike to 29.99% which would be going into effect if we chose to continue with these terms. As we contemplated our options we received checks from Citibank for the use on this account for 0% interest for 6 months after that time the interest rate revert back to our original rate. To date we have received three separate letters with checks attached. How egregious is this? In one letter they are jacking our rates up to loan sharking levels trying to force us out, in three other letters they are trying to lure us to use our available credit.
What kind of company does this? There aren't words to express how disgusted I am with Citibank.