32.5% APR? BoA is serious?

I have a Bank of America Visa card with a balance moderate (mainly focused on the wedding cost). Recently, I received a letter stating that unless I protest - in writing - my interest rates would go up delay 32.5% - of course, I protested in writing, which meant that I could not use my card (not a problem since I stopped use a while ago). Last month, I made a late payment (thank you to this date because of roaming wonderful - obviously my fault - but is it my fault for not checking my bill, or taking my date of payment must still be relatively the same?), and launched my interest rate upwards of 18% to 32.5%, their "first" rate. My minimum payment rose from $ 100 to $ 210 - PLUS a late fee $ 39. They said that the rate is well over six months of on-time payment. Late Fee Total: $ 709 over the period of six months. Leininger I am under my car to a credit Union for an 8% interest and grace periods of 10 days. Do they really expect people to put up with this shit?

There are many who do it because Congress and Senate (two sides) are in their pocket, which is why the bankruptcy legislation that changed. They pressured and bribed (sorry campaign contributions) for laws that allow them to do that, so they do. I remember one time where you had a grace period of 5 days. That party was legalized loan sharking.

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