Legal Question in Credit and Debt Law in Georgia
My credit card company sent a notice that they were raising the rate on my card with instructions on how to reject the changes which I followed. The next month they included a note in my statement that my rate was going up to a different amount. I missed this notice and did not respond and my rate was in fact increased. Five months later they sent another notice to further raise my rate. After contacting them I was told that they could send a notice at any time and if I did not respond to reject the changes they would go into effect. Did not my first response to reject the changes constitute a contract and have they not breached that contract by continuing to send notices and raising my rate?
2 Answers from Attorneys
No. You need to read everything your credit card company sends you. When you don't, you end up with a bad deal. Not reading your mail is not a defense.
No one can possibly answer your questions since no one here has the documents. Read them carefully.
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