Re: Updates - Hearing date set
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Posted by Why Chat (209.240.205.61) on July 20, 2004 at 18:25:05:
In Reply to: Re: Updates - Hearing date set posted by PinkLady on July 20, 2004 at 18:06:04:
I do not know how you could miss it. It is in the Statute Of Frauds on the IOWA page. In addition, I have posted ALL the pertinent IOWA statutes that prove a credit card is an agreement and not a written contract. Please remember, the fact that the application is signed DOES NOT make it a written contract, it has NO "fixed" terms, and therefore does not meet ANY State's criteria for a written contract. In addition,all you need to do is to show the Court the terms and conditions on the back of ANY credit card bill, they meet the requirements under the TILA for an open-end account, otherwise they would be subjet to the interest limitations and contract requirements for a fixed term written contract. A credit card, having obtained and benefited from the higher interest rates and less strict regulation of an open end revolving account while it was ACTIVE, can not become a "written contract" because it has defaulted.
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