Elan Financial Services - Raised interest rates
New Reviewer
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Got a letter informing me that they are raising my interest rate from 10.99 to 15.99. When I contacted them they first told me the 10.99 was a promotional rate and that it was ending.
I have been a customer for 9 years and have never made a late payment and have always tried to pay more than the minimum payment. Now they say I have to many open accounts with high balances.
I have 4 accounts my car my house 1 other credit card with less than $500 balance and their card. Because I bought a house and new car last Nov my credit score dropped to 697 and that is why they raised the rate.
Reason of review: Pricing issue.
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