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Reply #10: And by accepting these cards you sign away your legal rights as well. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Big Blue Marble Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-03-07 05:47 PM
Response to Reply #9
10. And by accepting these cards you sign away your legal rights as well.
You cannot take a credit company to court. By using the card, you agree to binding arbitration to settle any
dispute with the credit card company. And they will pick the arbitrator!
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  -Question for credit card experts or legal eagles...we're outraged. Blue_In_AK  Aug-03-07 05:22 PM   #0 
  - They are free to change the rate  supernova   Aug-03-07 05:27 PM   #1 
  - No info for you but I recently got a notice from Bank of America  OhioBlues   Aug-03-07 05:28 PM   #2 
  - Capital One is the worst!  driver8   Aug-03-07 05:29 PM   #3 
  - They're certainly persistent...  3waygeek   Aug-03-07 05:54 PM   #11 
  - Nothing new AFAIK, certainly nothing illegal. Credit card companies have done this  mcscajun   Aug-03-07 05:31 PM   #4 
  - Thanks...  Blue_In_AK   Aug-03-07 05:41 PM   #8 
     - Don't cancel the Capital One card!  shireen   Aug-03-07 06:36 PM   #16 
        - I think we're okay in that regard  Blue_In_AK   Aug-03-07 07:31 PM   #18 
  - Sadly undercurrent laws, the credit card companies can  Big Blue Marble   Aug-03-07 05:37 PM   #5 
  - Switch cards!  PetrusMonsFormicarum   Aug-03-07 05:37 PM   #6 
  - don't cancel Cap. One, see post #16. nt  shireen   Aug-03-07 06:39 PM   #17 
  - Same thing happend to me. I believe Chase bank is the worse.  JAYJDF   Aug-03-07 05:41 PM   #7 
  - They can do whatever the hell they want.  Dr.Phool   Aug-03-07 05:43 PM   #9 
  - And by accepting these cards you sign away your legal rights as well.  Big Blue Marble   Aug-03-07 05:47 PM   #10 
  - Yeah they can do that the upside is you can transfer the balance to another company.  MiltonF   Aug-03-07 05:57 PM   #12 
  - If I can't pay for it with cash on hand, I don't buy it. EVER.  Prisoner_Number_Six   Aug-03-07 05:57 PM   #13 
  - Don't mess with any HSBC (Direct Merchants Bank) cards either.  pinniped   Aug-03-07 06:04 PM   #14 
  - Bank of America had a terrific repayment plan... if you're in credit counseling.  HypnoToad   Aug-03-07 06:07 PM   #15 
  - I got the same thing.  alarimer   Aug-03-07 07:34 PM   #19 
     - That's what we decided to do.  Blue_In_AK   Aug-03-07 07:36 PM   #20 
 

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