Legal Question in Credit and Debt Law in Florida

crefit card balance

I recieved my statement and noticed that my intrest rate went up 50% I have never been late, always paid more that min. amount due. when I called the company they did reduce my rate back to 7.9% but told me I was not allowed to use my card until my balance was brought down. If i did use my vard my rate wouls then go back to 15.99% is this legal?


Asked on 10/13/08, 8:18 am

1 Answer from Attorneys
Brent Rose The Orsini & Rose Law Firm

Re: crefit card balance

It's probably in your contract with the credit card company. Sadly, no law protects consmers against these predatory credit card practices.

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Answered on 10/13/08, 10:54 pm


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