Legal Question in Credit and Debt Law in Georgia
Interest Rates
I thought that once your account was closed they could not go up on your interest rate for credit cards
Asked on 12/19/08, 1:09 pm
1 Answer from Attorneys
Scott Riddle
Law Office of Scott B. Riddle, LLC
Re: Interest Rates
No one here has the contract you agreed to when you opened the account and used the card (though most will certainly not have such a provision). Closing the account generally only means you can't charge on it anymore.
Answered on 12/19/08, 1:11 pm
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