Credit and Credit Reports

questions & answers

Question: A credit card company recently bumped our % rate based a payment that was 4 days late. We cannot make the new payment and they refuse to work with us. Is it better to make partial payments or no payments from a legal standpoint?

Answer:

This site cannot give legal advice on whether or not you should make payments or keep your credit card current. You may want to look at your credit-card agreement and any updates that were emailed to you by the credit-card company. Generally, the agreement will state if and when the credit-card company is permitted to raise your interest. The agreement usually accompanies the original card and updates are occasionally mailed to you with your bill.

If you feel that you need specific legal assistance, you may want to contact an attorney to find out how the laws apply to your specific situation.

QUESTIONS

  • A credit card company recently bumped our % rate based a payment that was 4 days late. We cannot make the new payment and they refuse to work with us. Is it better to make partial payments or no payments from a legal standpoint?

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OTHER LEGAL RESOURCES

  • State Bar of Arizona
    www.azbar.org
  • Maricopa County Bar
    www.maricopabar.org
    Referral number 602-257-4434
  • Pima County Bar
    www.pimacountybar.org
    Referral number 520-623-4625
  • National Domestic Violence Hotline
    800-799-7233
  • Bankruptcy Court Self Help Center
    866-553-0893
  • Certified Legal Document Preparer Program
    Link

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