Creditor Liability Info Please From LadyNRed
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Posted by kaldi777
(24.159.112.96) on March 04, 2003 at 12:35:56:
LadyNRed, I have a question for you please. I posted previously under "Bipolar and Bankruptcy" if you need to know our situation. The credit card company that extended the loan to us knew that we were a risk when they made us the loan. When I inquired about the percentage rate, the CC rep quoted me an interest rate and told me it was because our debt-to-income ratio was high. Do credit card companies assume any responsibility when making you a loan in this situation? It looks to me like they used really bad judgment too. Thanks for your help and God bless.
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