My bank credit card was closed about 7 years ago by grantor due to negative credit on another credit card that I have. At that time, my balance was a little over $400. My limit was $500. Since that time the bank has charged a monthly finance charge of $12 and an over the limit charge of $25.00. The bank debits an automatic payment of $27.49 monthly. When the account was first closed my payments were $10.00 monthly. My account has always been paid on time due to the automatic payments. Is it legal for the company to charge me the finance charge and over the limit fee on a closed account. I can not make charges, so why is it okay for the bank to do so. My account is over the limit due to the charges that the bank has put on it, not as a result of purchases that I have made. If I had stop paying the account 7 years ago, my balance would not be this high and the bad debt account would have fell off my credit. Instead, it is on my credit showing as an accout that is almost $1000 over the credit limit. I called the company to discuss the matter and they said that my account had too much activity on it and hung up on me. The only activity are the charges that they are putting on it. The only activity that I have are my montlhy automatic payments of $27.49. I want to write a letter to dispute the charges. I am looking for any legal references to help out. I have paid the original balance that I owed and them some.

Hello Curious:

Well, if you're looking for relief in the legal sector, forget it. Bush's friends in the banking business have got the game rigged in their favor. You ain't going to win if they sue you, and you ain't got nothing to sue them over. The fact is, it's all in the fine print. You signed it. But wait, it get's worse. Bush's friends can change the rules in mid stream. I'll bet YOU can't do that with any of your agreements.

The good news is, the account is still with the bank and not some scumbag collection agency. What you need to do (and should have been doing for the last 7 years) is talking to the bank. I know, you got hung up on. Ok, you need to call again, and again, and even again, until you speak with someone who has some authority to do business with you on your account. What you're getting at the first level is clerks and bank collectors. You need to maneuver beyond those people.

It's either that, or lie down and let them rape you. Use your communication skills.

excon