2007-02-09 08:29:39 · 4 answers · asked by atag2000 1 in Business & Finance ➔ Credit
Unfortunately, yes. I actually had a client charged a late fee after they lowered her limit & increased her interest rate within 30 days of a $2000 payment (about 50% of the then outstanding balance). Yes, it's abusive and gives you some idea of the power the credit card companies have with our legislature. There used to be laws about this kind of abuse but they lobbied for and got change. I suggest you complain to the federal trade commission if you think this is abusive, I did. The website is www.ftc.gov.
2007-02-09 08:44:41 · answer #1 · answered by CJ 2 · 1⤊ 0⤋
If the late fee that pushes your balance over the limit is valid, then yes!
2007-02-09 08:38:56 · answer #2 · answered by ♥uuɐuuǝɾ♥ 4 · 0⤊ 0⤋
Check the agreement. My guess is that it's accounted for in the contract..
2007-02-09 08:34:30 · answer #3 · answered by msmith7811 2 · 1⤊ 0⤋
yes and it has happened to me
2007-02-09 08:37:45 · answer #4 · answered by wantme_comegetme 5 · 0⤊ 0⤋