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Re: LadynRed Pls help Credit Card Tricks


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Posted by LadynRed (199.91.33.254) on January 23, 2003 at 15:34:00:

In Reply to: LadynRed Pls help Credit Card Tricks posted by No documentation on January 23, 2003 at 15:15:01:

Oh yeah, it seems sneaky alright. Are you sure this isn't in their CC Agreement ? Usually this is documented, buried in that teeny-tiny print they use.

A person at Chase Bank, on the single occasion I've EVER take a cash advance on a credit card, told me that the ONLY way to have your payment NOT be automatically applied THEIR way was to send your payment in an over-sized envelope and attach a letter that specifically directs that the payment be applied to the principal balance.
The over-sized envelope trick forces the envelope to be opened by a live body, not by machine (as most of them are) and that's the ONLY way to get 'personal' attention.

I don't know if the Truth in Lending Act applies specifically, but I believe it does say that all terms MUST be spelled out.


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