Legal Question in Credit and Debt Law in Texas
credit card
Can a company charge you 17,000.00 on an old credit card account, when you only owe 780.00? They claim it is all interest.
Asked on 4/11/07, 6:53 pm
1 Answer from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: credit card
Maybe, depending upon the interest rate and the period of time it's gone unpaid. Just because you stopped paying doesn't mean the interest has stopped.
Answered on 4/12/07, 10:45 am
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