Legal Question in Credit and Debt Law in Texas
Finance charges
Is there a limit on the amount of finance charges a credit card company can charge? I have been trying to resolve a credit card company bill for over 4 years and the company keeps accuring finance charges and i can not get anyone to talk to me or help me resolve this problem.
Asked on 2/24/06, 2:38 pm
1 Answer from Attorneys
James Grissom
Law Office of James P. Grissom
Re: Finance charges
As long as the finance charges are conforming with your credit card contract, there is no limit on the amount they can charge and no requirement that they help you "resolve the problem".
Answered on 2/24/06, 3:11 pm
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