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I just got a notice that GEMB is going to charge $16 late fee for being even 1 min late on $16 credit card debt. And $30 on $30. At least they reduce it to $39 on a balance of $150.

WTF I thought we were getting reform. I have never been late but they are doubling peoples balances for paying past 5PM on day due. So all they have to do is hold the payment until 501 PM they can double some poor slobs debt.

I am paying them off and won't do business with them again. I am outraged... are they deliberately trying to force people into bankrupcy for late charge debt? This is so disgusting I had to vent ...

Since the bank bailout I have had limits reduced to where it has affected my FICO score because the small balance became the full limit. Then my insurance rate went up because my FICO score went down while all the time I have been paying my bills on time and at double or triple or more than the minimums.

I think the FICO score is manipulated because I  found out that different creditors have different FICO calculations. Buying your credit score information is a waste of time and money because they tailor it to bypass all the laws that congress has passed to prevent prejudical lending.

I lowered my coverage at my insurance company who hasn't paid a claim on us for all 26 years we have had coverage with them. I told them it was because they raised my rates and that I wasn't paying for thier errors and to give bonuses to jerks. We are currently researching insurance companies.

Any card I have that lowered limits or raised interest is getting paid off and I will Never do business with them again.

Is anyone else getting irritated by the switching of rules in midstream? Am I just sniveling about something they have the legal right to do. Even the Bible forbids that kind of usury. Of course, the religious right does think God gave them exemptions to being predatory businessmen and power mad money grubbers who callously toss people to the side of the road or even favor eliminating them.

Originally posted to boophus on Sun Nov 29, 2009 at 11:18 PM PST.

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