Before Our Credit is ruined

Budget101 Discussion List Archives Budget101 Discussion List Before Our Credit is ruined

Viewing 0 reply threads
  • Author
    Posts
    • #261130

      But you don’t have to pay the balance in full then. You just keep paying at the rate you have been paying. But again, I don’t know how that would work when the previous interest was zero! It would be really funny if they had to leave it at zero.

      Suzi

      Quote:
      .
      Original Message
      .
      From: Chrissy Grimes
      To: Budget101_@yahoogroups.com
      Sent: Tuesday, August 05, 2008 7:15 AM
      Subject: Budget101.com : Re: IMPORTANT! About the house foreclosure and credit cards…

      Suzi is correct. Whenever the credit card company raises your interest rate, they have to by law send you notification along with a new disclosure agreement. The “opt out” clause is always on these disclosure notifications. You can opt out of anything they chose to change; however, to do so means that you are closing your account and have to pay the balance in full. Most people don’t read those disclosure statements to know they have a right to do so.

Viewing 0 reply threads
  • You must be logged in to reply to this topic.

Budget101 Discussion List Archives Budget101 Discussion List Before Our Credit is ruined