Legal Question in Credit and Debt Law in California

cancelation notification

Does a credit card company (American Express) have to notify the card holder before they cancel their account. They are canceling the account based solely on an external credit bureau report.


Asked on 5/30/09, 8:49 pm

1 Answer from Attorneys
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

Re: cancelation notification

As I understand it, Amex is canceling cardholders who buy retread tires or visit marriage counselors because their software has predicted customers who frequent these types of merchants are more likely to default. Whether your contract allows this... have you tried reading the contract?

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Answered on 5/30/09, 8:54 pm


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