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Idea#280

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Legal & Policy Challenges »

A Comment on the New Credit Card Bill...

Why Is This Idea Important?: It hurts anyone holding a credit card based on these practices.

I only hope it addresses an issue close to me, one I ran into with a card called "CareCredit." After incurring and paying off early a several thousand dollar vet bill for my cat, with the exception of 300.00 out of nearly 6K, the credit card company first erroneously charged me interest after a few months when it should have been free for a year, and worse, much worse, I learned they charged me interest on the 5000.00 (+) I had paid off seven months early! Before that happened, I didn't even know credit card companies were charging interest on amounts paid off, when the balance was not paid in full. (5700 was paid of 6000.00. 300.00 remained. I was charged interest on 6000.00, as though I had never paid anything off!) PLEASE TELL ME THIS NEW BILL STOPS THIS ILLEGAL PRACTICE! So far, just from scanning details, I haven't seen anything specific that addresses this practice. Also, please tell me this goes into effect IMMEDIATELY (not a year from now).

Submitted by cat-samjas-0l9 2 years ago

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Comments (1)

  1. beholder_5000 said:

    its called get a lawyer and get your money that is illegal plain and simple stand the fk up for yourself, ive had a similar situation being charged overdraft fees on a 5000 dollar credit card when my balance was at 3000 they dont care they will do anything to screw anyone over

    2 years ago
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