|
|
Can credit card companies take your home, cars or property?
[ Follow Ups ] [ Post Followup ] [ Credit Forum Index ]
Posted by sdb (208.3.10.208) on June 02, 2004 at 04:04:38:
I have a 10,000 credit card with AT&T. It had a great interest rate of 4%. I paid it on time for four years. Never late or over limit. They have rules that if you do that it goes up to 28%. We have been paying our house and car late because of my medical problems and not being able to work but we always paid them. They raised our rate to 28% last month and when I asked why they said they did it because we had been late to Other creditors. I asked how they could do this and they said they had changed the terms of agreement and I should have seen it in my statement. I begged and cried for them to lower back down and they said they might if my husband called. He is main person on account. He called and was told no. He blessed them out and said we wouldn't pay it. I called back and was told they might close the account but I would still have to have hubby call. I figure if he calls again they will say no. I asked if I could have name of person to call and they said no phone extensions it is just who you get when you call. We cannot afford to pay the bill now. It is over 300 a month and all interest. We really should have been paying our house payment on time all along instead of them. If we refuse to pay them can we make them stop calling. (I am sure they will be calling constantly) Can they put a lien on our home and property and car. We owe on our car. Can they do anything at all? I live in NC and it used to be that credit card companies could not do anything to collect on a debt. I don't know if it is still the same. We had excellent credit until a few months ago and now it will be ruined. I hate not to pay them but I feel they are so dirty. They give you the great rate and then try every way possible to raise it. I think it should be illegal for them to be able to hold it against us that we paid someone else late when we have paid them wonderfully. Does anyone have any advice. Thank you.
Follow Ups:
Post a Followup
|
