Comments on: Is It Time for Me to Pull My Money Out of Citi? http://www.everyjoe.com/articles/is-it-time-for-me-to-pull-my-money-out-of-citi/ Sports News - Tech Reviews - Entertainment - Life Tips for EveryJoe Wed, 02 Dec 2009 18:32:00 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Miranda Marquit http://www.everyjoe.com/articles/is-it-time-for-me-to-pull-my-money-out-of-citi/comment-page-/#comment-316070 Miranda Marquit Mon, 04 May 2009 19:09:19 +0000 http://www.yieldingwealth.com/is-it-time-for-me-to-pull-my-money-out-of-citi/#comment-316070 Great plan! If everyone decided to opt out, then it might make Citi think twice about policies that are so detrimental to good customers. Great plan! If everyone decided to opt out, then it might make Citi think twice about policies that are so detrimental to good customers.

]]> By: Dave http://www.everyjoe.com/articles/is-it-time-for-me-to-pull-my-money-out-of-citi/comment-page-1/#comment-316017 Dave Sat, 02 May 2009 19:59:03 +0000 http://www.yieldingwealth.com/is-it-time-for-me-to-pull-my-money-out-of-citi/#comment-316017 I took great pleasure in opting out after I got my letter today. The clerk I talked to on the phone couldn't have cared less, even though I've been there for years and was never late, yada-yada... Everyone who gets one of these stupid letters should opt out. Citi should have gone BK in my opinion. They are the ones who made lousy business decisions, and I'll be damned if I am going to pay for them. Let them have the slug accounts. Those of us who pay the bills should pull the rug out from under them. I took great pleasure in opting out after I got my letter today. The clerk I talked to on the phone couldn’t have cared less, even though I’ve been there for years and was never late, yada-yada…

Everyone who gets one of these stupid letters should opt out. Citi should have gone BK in my opinion. They are the ones who made lousy business decisions, and I’ll be damned if I am going to pay for them.

Let them have the slug accounts. Those of us who pay the bills should pull the rug out from under them.

]]> By: Dave Ramsey Calls for Boycott of Citi and Bank of America : Bizzia http://www.everyjoe.com/articles/is-it-time-for-me-to-pull-my-money-out-of-citi/comment-page-1/#comment-314802 Dave Ramsey Calls for Boycott of Citi and Bank of America : Bizzia Sun, 01 Mar 2009 11:38:32 +0000 http://www.yieldingwealth.com/is-it-time-for-me-to-pull-my-money-out-of-citi/#comment-314802 [...] I’ve all but decided to pull my money out of Citi, but not because Dave Ramsey tells me to, or because I’m upset about the government owning a little more than 1/3 of the bank. I’m upset because, after taking taxpayer bailout money over the course of the last few months, Citi is sticking it back to the taxpayers with higher interest rates and massive lay-offs. [...] [...] I’ve all but decided to pull my money out of Citi, but not because Dave Ramsey tells me to, or because I’m upset about the government owning a little more than 1/3 of the bank. I’m upset because, after taking taxpayer bailout money over the course of the last few months, Citi is sticking it back to the taxpayers with higher interest rates and massive lay-offs. [...]

]]> By: John http://www.everyjoe.com/articles/is-it-time-for-me-to-pull-my-money-out-of-citi/comment-page-1/#comment-315688 John Mon, 02 Feb 2009 04:51:38 +0000 http://www.yieldingwealth.com/is-it-time-for-me-to-pull-my-money-out-of-citi/#comment-315688 Yup, same situation... Just got a letter from these "sharks" stating my rate is going from 8.99% to 24.99% - are you kidding me Citibank... Seriously, is there a hidden camera around here somewhere? I am/was a loyal customer always paying on time and gave more than the minimum when I could. Now, you excpect the average American, in these times, to pay more than DOUBLE there original payments to you. In case you haven't noticed, WE ARE ALL STRUGGLING - doing this crap doesn't help in the least. Consider one less customer here Citibank, thanks for the hikes to show us all what sort of buisness you are really in! Yup, same situation… Just got a letter from these “sharks” stating my rate is going from 8.99% to 24.99% – are you kidding me Citibank… Seriously, is there a hidden camera around here somewhere? I am/was a loyal customer always paying on time and gave more than the minimum when I could. Now, you excpect the average American, in these times, to pay more than DOUBLE there original payments to you.

In case you haven’t noticed, WE ARE ALL STRUGGLING – doing this crap doesn’t help in the least. Consider one less customer here Citibank, thanks for the hikes to show us all what sort of buisness you are really in!

]]> By: miranda http://www.everyjoe.com/articles/is-it-time-for-me-to-pull-my-money-out-of-citi/comment-page-1/#comment-314868 miranda Thu, 18 Dec 2008 19:34:36 +0000 http://www.yieldingwealth.com/is-it-time-for-me-to-pull-my-money-out-of-citi/#comment-314868 Thanks for sharing, Ed! I was very happy to get the announcement that Upromise is switching to Bank of America. I have always been very satisfied with my BoA Visa, and I was agonizing over the Upromise credit card. Now, happily, that's not an issue. I'll move my savings from Citi and put it somewhere else. Maybe ING or Emigrant... Thanks for sharing, Ed! I was very happy to get the announcement that Upromise is switching to Bank of America. I have always been very satisfied with my BoA Visa, and I was agonizing over the Upromise credit card. Now, happily, that’s not an issue. I’ll move my savings from Citi and put it somewhere else. Maybe ING or Emigrant…

]]> By: Ed H http://www.everyjoe.com/articles/is-it-time-for-me-to-pull-my-money-out-of-citi/comment-page-1/#comment-315664 Ed H Thu, 18 Dec 2008 18:48:34 +0000 http://www.yieldingwealth.com/is-it-time-for-me-to-pull-my-money-out-of-citi/#comment-315664 Citi Bank customer for well over 20 years, wife had some medical problems last year so we were a little slow in paying. They jacked my rate to 30%. Needless to say I paid off their credit card and had them canel my account. I also had them notify the credit agencies that my account was canceled. Last month, they took over my wife's Sears card, which we promptly cancelled. I will never do business with Citi again. It appears that these predatory Banks will get your money one way or another. Citi Bank customer for well over 20 years, wife had some medical problems last year so we were a little slow in paying. They jacked my rate to 30%. Needless to say I paid off their credit card and had them canel my account. I also had them notify the credit agencies that my account was canceled.

Last month, they took over my wife’s Sears card, which we promptly cancelled. I will never do business with Citi again.

It appears that these predatory Banks will get your money one way or another.

]]> By: miranda http://www.everyjoe.com/articles/is-it-time-for-me-to-pull-my-money-out-of-citi/comment-page-1/#comment-315327 miranda Wed, 10 Dec 2008 02:28:17 +0000 http://www.yieldingwealth.com/is-it-time-for-me-to-pull-my-money-out-of-citi/#comment-315327 I agree that this whole thing is an outrage. We keep giving and giving and it's never enough -- but we don't get anything in return. The sad thing, Lisa, is you're one of the lucky ones who has the rate going "only" to 14.9%. I agree that their excuses sound false. Unfortunately, though, logic isn't going to work here. Greed overrides all. I agree that this whole thing is an outrage. We keep giving and giving and it’s never enough — but we don’t get anything in return. The sad thing, Lisa, is you’re one of the lucky ones who has the rate going “only” to 14.9%. I agree that their excuses sound false. Unfortunately, though, logic isn’t going to work here. Greed overrides all.

]]> By: Lisa http://www.everyjoe.com/articles/is-it-time-for-me-to-pull-my-money-out-of-citi/comment-page-1/#comment-315269 Lisa Wed, 10 Dec 2008 02:19:31 +0000 http://www.yieldingwealth.com/is-it-time-for-me-to-pull-my-money-out-of-citi/#comment-315269 I, too, have been a victim of Citi's interest rate hike. Well, I told them to go take a hike. A loyal-to-a-fault customer of 17 years with an impeccable account history has just had my APR rate jacked from a 7.9 FIXED rate to a 14.99 VARIABLE rate. I will now have to take a hit on my credit score (largest credit line and longest held account) to avoid paying them back one more cent than I will have to, on principle alone. I called several times and got supervisors on the phone, pleading with them to explain what I had done as a loyal customer to deserve this. After being fed (numerous times) the canned speech it seems all have received, I pointed out to her that the money lent to me had already been lent to me long ago (expenses in photography school that were not allowed to be bundled with student loans.) Therefore, if it now costs them more in this financial market to loan money (as explained in canned speech), shouldn't this new rate solely apply to NEW purchases ONLY?? No answer for that. So they take our hard-earned tax dollars from the government because they made horrendously risky business investments and then turn around and do exactly what they promised the same government that they would not do JUST LAST YEAR: raise interest rates for no reason? (Anyone familiar with "a deal is a deal?") Now I hear that they "simply cannot" opt out of a $400 million dollar deal to place their name on the new Mets stadium AND the high-level executives who got them into this mess are still going to receive their bonuses? You have to be kidding me? Someone remind me what country I live in......please. WRITE YOUR REPRESENTATIVES PLEASE!!!! I, too, have been a victim of Citi’s interest rate hike. Well, I told them to go take a hike. A loyal-to-a-fault customer of 17 years with an impeccable account history has just had my APR rate jacked from a 7.9 FIXED rate to a 14.99 VARIABLE rate. I will now have to take a hit on my credit score (largest credit line and longest held account) to avoid paying them back one more cent than I will have to, on principle alone.

I called several times and got supervisors on the phone, pleading with them to explain what I had done as a loyal customer to deserve this. After being fed (numerous times) the canned speech it seems all have received, I pointed out to her that the money lent to me had already been lent to me long ago (expenses in photography school that were not allowed to be bundled with student loans.) Therefore, if it now costs them more in this financial market to loan money (as explained in canned speech), shouldn’t this new rate solely apply to NEW purchases ONLY??

No answer for that. So they take our hard-earned tax dollars from the government because they made horrendously risky business investments and then turn around and do exactly what they promised the same government that they would not do JUST LAST YEAR: raise interest rates for no reason? (Anyone familiar with “a deal is a deal?”)

Now I hear that they “simply cannot” opt out of a $400 million dollar deal to place their name on the new Mets stadium AND the high-level executives who got them into this mess are still going to receive their bonuses?

You have to be kidding me? Someone remind me what country I live in……please.

WRITE YOUR REPRESENTATIVES PLEASE!!!!

]]> By: miranda http://www.everyjoe.com/articles/is-it-time-for-me-to-pull-my-money-out-of-citi/comment-page-1/#comment-315049 miranda Tue, 02 Dec 2008 18:41:12 +0000 http://www.yieldingwealth.com/is-it-time-for-me-to-pull-my-money-out-of-citi/#comment-315049 Nice, huh? They get a bailout for their bad business decisions, but we don't get any help. They're all about telling us our decisions are our fault, but we still have to bail them out -- even while paying higher interest rates. Nice, huh? They get a bailout for their bad business decisions, but we don’t get any help. They’re all about telling us our decisions are our fault, but we still have to bail them out — even while paying higher interest rates.

]]> By: Uwe Ladewig http://www.everyjoe.com/articles/is-it-time-for-me-to-pull-my-money-out-of-citi/comment-page-1/#comment-315075 Uwe Ladewig Tue, 02 Dec 2008 18:27:46 +0000 http://www.yieldingwealth.com/is-it-time-for-me-to-pull-my-money-out-of-citi/#comment-315075 Never payed late have a good credit score but the rate goes up from 6.99% to 24.99%. Called them and asked why, the answer was " Because we think that is what we need to become profitable again" I opted out and will cancel my account with Citi. They also told me that it is my fault that I have a balance, but did not comment on their fault to do profitable banking to start with. Never payed late have a good credit score but the rate goes up from 6.99% to 24.99%. Called them and asked why, the answer was ” Because we think that is what we need to become profitable again”
I opted out and will cancel my account with Citi. They also told me that it is my fault that I have a balance, but did not comment on their fault to do profitable banking to start with.

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