While I was doing a bit of research on the unfair credit card hikes, I found an US Senate Bipartisan Investiation report into unfair credit card practices.
The report details eight cusomer cases of unfair credit card interest rate hikes. The report includes a history of payments for each of these eight customers. It explains that hiked rates are in effect allow the payments to coverup the interest payments while the pricipal balance does not deplete considerably.
Here's the Investigation Report:
I would appreciate if anyone one who's fallen into this trap like me can prepare their case to post here.
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