Legal Question in Credit and Debt Law in California

credit card scam

I recently made purchases with my American Express Blue card. I am in a contractual agreement with them to pay an introductory APR of zero percent-- not to end until March 2009. I signed- on to the card agreement in October 2008 with the understanding that I would be privy to the zero percent rate unless I were to default in any way... which I have not. They recently raised the rate from 0% to 18.49% as of December 2008. They have no explanation as to why this was done, except that it is within their right to do so. Is this legal?


Asked on 12/06/08, 5:00 pm

2 Answers from Attorneys
Phillip Lemmons, Esq. Phillip Lemmons APC, Attorneys at Law

Re: credit card scam

Read the small print in your agreement.

Read more
Answered on 12/06/08, 6:44 pm
OCEAN BEACH ASSOCIATES OCEAN BEACH ASSOCIATES

Re: credit card scam

If this matter has not been resolved contact me immediately.

Read more
Answered on 12/16/08, 4:47 pm


Related Questions & Answers

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