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Free Complaint to Institution - Rate Increases

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_________________, _________________ _________________

 

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_________________, _________________ _________________

 

Dear _________________:

 

I have just received your letter dated _________________, in which you informed me that as of _________________, my _________________ would be increased from _________________ to _________________.

 

_________________, I receive solicitations in the mail every day from financial institutions who want my business. I have been a sound credit risk to you from the first day I opened my account with you, and I have always paid promptly. I refuse to have my loyalty and good credit be "rewarded" by being asked to pay what I consider to be usurious fees.

 

If you insist on implementing this rate increase, I will close my account. I expect to receive a letter from you within ten days of the date of this letter, telling me that my rates will remain exactly as they have been. If I do not receive such a letter within that time, I will assume that you are no longer interested in serving as my _________________, and I will avail myself of one of the many other options available to me.

 

I hope to hear from you soon.

 

Sincerely,

 

 

 

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