Legal Question in Credit and Debt Law in Georgia

credit

When a person fills out a credit application and is asking for a certain amount of credit,,can the creditor whom you are applying for credit take that application and turn into something other than what you applied for?

I asked the creditor to make a transferr payment of 6,000.they did not and they made a 250. payment which I did not ask them to do that the amount which I applied for was 6000 not the 500 inwhich this was the amount of credit issued which was not what I applied for,,,the payment that they made to the other creditor they made this up ,,the creditor they issued a payment of 250. I did not know from where that payment came from and told them to send it back from where it came from for I did not make that payment and i had not asked this on the application to the new creditor.

I asked for a payment of 6000.,,so it appeared that they were rejecting what I asked for in the application and gave me what they wanted me to have.

That was not what I applied for.

When did creditors take my rights and issue to me what they wanted and not what I applied for.

Is it that people do not need applications anymore?

Banks just issue what they want?And make payments that they find fitting?I never applied for a payment of 250.


Asked on 1/10/07, 11:57 pm

1 Answer from Attorneys
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Re: credit

When you apply for a credit card or credit line, you may be accepted, rejected, or approved for a smaller amount. In every such application I have ever seen, where they allow you to request a balance transfer at the time of application, it indicates that it is subject to approval and they may transfer a lesser amount. There's nothing wrong at all with what they did.

However, when you are at a point where you need one creditor to pay another, you are likely at a point that is unsafe for you. You may benefit by a consultation with Consumer Credit Counseling of Atlanta (or other Georgia city), and, if your debt problems are severe, may even need bankruptcy (something that large or recent balance transfers may prevent you from doing).

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Answered on 1/11/07, 12:18 am


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