Legal Question in Credit and Debt Law in Ohio

Hello my name is Robin Bond , I just recently received a phone call from a fincinial services from the state of Florida. I currently live in the state of Ohio. I listened to what the had to offer me in the way of helping with my interest rate on a few of my credit cards. They said they would get me a credit card with 0 interest to transfer balances. They could only get my interest rates down on the cards that I,m in good standing.

I was denied the new credit with the 0% interest due to the fact that there had been recent inquirys on my credit, this was due to trying to help my daughter with a car loan. I mentioned this to the gentlemen on the phone at the time, he said it would not effect me due to it being the type of loan I was trying to get. (car loan). This has been a verable agreement, that was recorded phone coversation. Because I didnt fee that

they were able to do as much as they said, I feel that they failed me. They got me when they promised to save me $1,500. in interest rates they did get interest rates down saying they are saying $2,300.00 for 7 mths and they would continue working with this every 7 months to keep the interest rates down. Sorry about the 0% card for balance transfer. But they say they done partically what they could. They charged a credit card a one time fee of $698.00. When I received the notices of being turned down on the 0% card I

imendenatly stopped payment from credit card. Now they are telling me that I have to pay this $698.00, or

they will turn me over to a collection agency and credit bureau and run my credit. I have good credit

and on a fixed income due injury @ work. I have a 14 year old going to high school this year. I can't aford for my credit to be ruined. and they say with the recorded but veriable agreement that I'm tied to this. I was willing to have my credit card rates taken back to before rate and not have to pay the $698.00 but they say no. Do I have any legal rights, concerning this matter


Asked on 7/26/11, 8:14 pm

1 Answer from Attorneys
Eric Willison Eric Eastman Willison

In Ohio, you may have rights that were violated under Ohio's Consumer Sales Practices Act. The act covers transactions such as the type you describe. The only problem is that if sue here in Ohio (and Ohio would likely have jurisdiction over the case because they called you here and thus submitted themselves to the reach of our laws) you might get a judgment against them, but then you would have to go and collect upon it down in Florida, which would require hiring a Florida attorney.

Read more
Answered on 7/26/11, 10:09 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Ohio