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Credit error!!


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Posted by NJP (205.188.116.84) on June 23, 2004 at 13:02:50:

My credit card company made a credit to my account for $5,000. My wife got the statement seeing the credit and figured I made the payment, so she continued to use the card. Over 3 months later we got a letter stating the credit was made in error and that it was reversed, which caused use to go over our credit limit. I called the company and asked them to wave the over credit fee but they refused. I made minimium payments until I got the matter fixed but they refused to wave the fee although they admitted to the error. About 3 months ago I stoppped paying until all the over balance fees where taked off the account which they never were. Now I receive a phone call every day trying to collect and threating to take me to court. What is the best way to handle this situation. I keep getting different advise, one person stated that it was illegal for them to reverse the credit after 90 days and that I should demand they place the $5,000 back. Any suggestions??? Thanks


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