|
|
26.4% interest rate!!!
[ Follow Ups ] [ Post Followup ] [ Credit Forum Index ]
Posted by Colleen
(152.163.253.37) on July 15, 2003 at 13:07:04:
Got my sears bill yestersday and discovered after paying above my minimum balance for 6 months sears has raised my rate to 26.4%. After four hours today trying to find the appropriate laws, and finding nothing, I need help. I live in new york state, and my bill address is for ohio, is this exceding usury laws? Another question I have, having an interest rate of 23.9% and charging $29 for an over the limit fee and $35 for a late fee, is that usury too? The second instance angers me because of the agreement with the collection agency, which I've had an agreement with them for a year and have payed them over $1200 but am now $600 more in debt than when we started.
Follow Ups:
Post a Followup
|
