Legal Question in Consumer Law in Massachusetts

credit cards

Can a credit card company up my interest rate by 11% their reason my credit limit , spending ratio is to high? I have had this card since 2005 and have never been late and always pay more then the mim. (ie) mim is about 25.00 I pay 50.00 to 100.00


Asked on 3/20/08, 11:51 am

1 Answer from Attorneys
Gabriel Cheong Infinity Law Group

Re: credit cards

Unfortunately, credit card companies have a lot of say over how much they charge in interest rate. Your choice is always to stop using them.

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Answered on 3/20/08, 12:09 pm


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