Re: Updates - Hearing date set

Posted by Susan (64.91.203.48) on July 21, 2004 at 01:50:42:

In Reply to: Re: Updates - Hearing date set posted by PinkLady on July 20, 2004 at 18:06:04:

It seems to me that a new "contract" would have to be signed each time the account terms changed in order to fit the definition of a "written contract" but this is not the case with credit cards. Interest and fees often change with only the "use" of the card after the "effective date" as "acceptance" of the new terms which hardly qualifies as a "written contract." I live in Illinois which also has a vague credit card legal status so will probably be using the SOL "open end account" defense soon myself.

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