Legal Question in Credit and Debt Law in Texas

interest

my creditor raised my interest rate from a fixed 4.99 to15.94 in january and then to 29.99 again in february can a credit card co. do this just because they want to i paid my bills on time and what can i do to fight this it cost me 500.00 in interest in 2 months


Asked on 3/19/06, 4:56 pm

1 Answer from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: interest

Yes, they can and they do. It could be that a payment was late (doesn't have to be their payment, either) or your credit score has changed.

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Answered on 3/19/06, 5:12 pm


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