Is it legal to change your credit card contract without your approval?

Answer 1

Yes, and no. When there is a change of terms (contract, as you'd call it), the card company must give you advance notice. You'll often see a statement insert, statement message, or stand-alone letter informing you of the upcoming change, and effective date. You are also given the option of closing the card as of that effective date, and paying off your balance at your pre-existing terms. By NOT closing the card, you are deemed to have accepted the new terms...all of which is included in your original terms and conditions.

Answer 2

You can call to request a lower interest rate. Email me and I will tell you how to do this. But you can't change the contract terms on your own. However if you do call and ask for a lower interest rate you must maintain the bill or they can hike it back up to what it was and there will be nothing that you can do about it.

Answer 3

If the credit card company does it, all they have to do is inform you that it has been changed (date and changes) you have the option to get rid of the card after that... pay your balance of course. But someone who's not on the account, no.

Answer 4

Yes!! Ya have to read the small print. Some card's interest rates WILL go up if you are continuously late with your payments. They lure you in with lower interest rates, then kick you in the balls when you're late. Best advise is to pay on time!!!

Answer 5

I'm not sure what changes have taken place, but, there is probably something in the "small print". If your rate has increased, it could be due to a late payment.

Answer 6

verify out your shrink as your "shrink" and consistently attempt to stay as some distance removed from that as obtainable. on no account verify out any credit as a paycheck, and on no account intentionally go over your shrink or overdraft something.. Did they advance your shrink or merely the quantity you are able to go over your shrink till now they hit you with over-shrink cost. a greater physically powerful credit shrink is a sturdy element in case you do no longer use it, because of the fact part of your credit is share of available shrink you're utilising. many people who use too a lot credit are having somewhat the different subject, the place their shrink is decreased to below they owe, ensuing in severe default costs of activity, over shrink costs, and credit hit. do no longer fall into that capture.