Legal Question in Credit and Debt Law in Texas

Next Card Credit Card

Next Card Credit Card went into bankruptcy.

Now that they have filed bankruptcy and

and closed my account, am I still held responsible

for the full amount I owe them, plus interest

they are charging me every month?

I currently owe them $6,000. My interest

rate was very low before they closed down and

after they closed my account because of their

filing bankruptcy. They raised my interest rate

to almost 19 percent. They said there was nothing

I can do by accept it and pay the bill. Is there anything

I can do about the high interest they are charging me?

I cannot afford to payoff the amount in full, just able

to make monthly payments.


Asked on 1/15/03, 10:19 am

1 Answer from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: Next Card Credit Card

You remain responsible for your debt.

You'd have to look at the credit card agreement to see whether they have the right to raise the interest rate or not. That's a matter of the contract you entered into with them.

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Answered on 1/15/03, 10:49 am


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