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Interest rate increase for late payment on different loan


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Posted by Philip (67.125.157.112) on June 27, 2003 at 23:40:58:

Is it legal for my credit card company to raise my rate from 6% to 24% because of a 60 day late notice on a student loan (with a completely different company)? I have no other history of late payments or deliquent accounts on my credit report.


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