Legal Question in Credit and Debt Law in California
My minimum payment was changed from 2% of my balance to 5% unfortunately I missed the fine print in a notice that was sent. Since I made my regularly scheduled payment I was seen as late and they adjusted my APR from 5% to 14% . What can I do legally?
Asked on 10/15/09, 7:55 pm
1 Answer from Attorneys
Robert F. Cohen
Law Office of Robert F. Cohen
If you've been a good customer, call the bank and see if they'll work with you on the issue. If not, cut up the card and don't use it again. Also lobby your member of Congress to change the laws.
Answered on 10/16/09, 12:52 pm
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