Credit Card Interest Rate Raised to 35.50% Any Suggestions?

I have had this credit card for over 15 years and have never been late or over my credit limit. Now my story, a year ago we moved out of state and within 3 months of moving found out one of my daughters has epilepsy (she is now under long term hospital care) and my middle daughter has tuberculosis (undergoing treatment). Still, we maintained our credit card payments, mortgage payments on 2 homes (the other had not sold when we moved) and auto loan payments. In February we decided to give our credit union the deed in lieu of debt to our other home. They were understanding and said they would only report us as a few months behind, rather than as a foreclosure. They held their end of the bargain. But now, a credit card which I have had a 8.88% rate with for 15 years has decided to raise my rate to 35.50%. This card has a $19,000 balance due to medical expenses. Any suggestions on what I can do. Does this fall under predatory lending? I would appreciate any and all suggestions.

Credit Card Interest Rate Raised to 35.50% Any Suggestions?

It is just impossible to imagine a world without credit cards. From a couple of cups of coffee to going on a vacation in the Bahamas, credit cards are all it takes to make your dreams a reality. But recent developments have caused the credit cards to be viewed as nothing but a tool for getting people deeper into the quicksand of financial ruin. So where are credit cards taking its consumers? And what can people do to minimize the negative effects of the current trends in the credit card market?

Standard Interest Rates Continue Rising

An astounding 80% of all credit cards issued nowadays have variable interest rates. This means credit card companies who issued this type of credit cards can raise the interest rates paid to them every time the Federal Reserve raises benchmark interest rates. Sadly, interest rates are rising as minimum payments for credit card accounts have also been rising; this is the result of a change in the way minimum required payments are computed, which is now designed to allow borrowers to pay a little of both the principal and the interest. Read more about it at: http://www.credit-card-gallery.com/artic...

Credit Card Interest Rate Raised to 35.50% Any Suggestions?

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