Legal Question in Credit and Debt Law in Georgia

I had a credit card and a debit card from the same bank. They made a mistake and took a payment. I asked for them to put the money back in my account. They did but they did it as cash advance. Every month they would charge me interest for cash advance. I would have to call them and they would reverse the interest. Sometimes I wouldnt be able to call for a few months. I kept asking them to remove it. I wrote letters and everything. My biggest issue was the interest for the cash advance would be compiled onto my balance and therefore increase my interest on my balance. I asked them to correct this but they only took the cash advance interest off. Wouldnt they still owe me for increasing my balance and the interest on that?


Asked on 5/06/16, 2:17 pm

1 Answer from Attorneys
Rachel Hunter

Your post makes little sense. Your first mistake was to have a credit card at the same place that you bank at. Their are special rules for banks - banks, if you owe the credit card, can reach into your bank account and pay the bill. Your second mistake was taking a cash advance. If the bank loaned you the funds (that is what a cash advance is) then you would have to repay the money. Your third mistake was allowing this to drag on. Nobody has seen the documents or statements so its not at all clear what happened here.

I suggest that you have an attorney review what was done here. My thoughts are that if you took the money then the bank is going to charge interest on the cash advance. I suggest that you get your credit card paid off and get another credit card somewhere else other than where you have your bank account so that this will not happen.

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Answered on 5/09/16, 12:59 am


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