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Can You Sue a Credit Card Company for High Interest?

Can You Sue a Credit Card Company for High Interest?

A high interest rate on a credit card is never grounds for a lawsuit. Merely because it may be uncomfortable to pay a high rate on money that you have borrowed is not a justification to sue the company. Most credit cards charge an adjustable interest rate that can be raised and lowered at regular intervals. Read all documentation before signing a credit card agreement. While the paperwork might...

How to Contact a Credit Bureau for Fraud Alert
How to Stop Credit Card Offers in the Mail
What Is a FICO Score Used For?
Which Banks Use Equifax?
Easy Budgeting Tips
All Articles
  • Can You Sue a Credit Card Company for High Interest?
    Can You Sue a Credit Card Company for High Interest? Show More

    A high interest rate on a credit card is never grounds for a lawsuit. Merely because it may be uncomfortable to pay a high rate on money that you have borrowed is not a justification to sue the...

  • How to Contact a Credit Bureau for Fraud Alert
    How to Contact a Credit Bureau for Fraud Alert Show More

    As identity theft becomes more prevalent, it's important to know what steps you can take to protect your credit rating. If you think your identity has been stolen or that a vindictive person is...

  • How to Stop Credit Card Offers in the Mail
    How to Stop Credit Card Offers in the Mail Show More

    The Fair Credit Reporting Act of 1970 allows the major credit reporting agencies to sell your personal information to companies that want to send you credit card offers in the mail. However, some...

  • What Is a FICO Score Used For?
    What Is a FICO Score Used For? Show More

    You may have seen commercials or web advertisements asking you if you know what your credit score is. Your credit score can seem like an all-powerful number that can make a huge difference in how...

  • Which Banks Use Equifax?
    Which Banks Use Equifax? Show More

    Equifax is a credit reporting agency that reports personal and financial information when an inquiry is made with one's social security number. This report displays financial history--including...

  • Easy Budgeting Tips
    Easy Budgeting Tips Show More

    A budget is a plan you form from everyday expenditures and income. You can allocate earnings to specific expenses, pay off debts, savings or retirement. It keeps your money in order and assists in...