September 27, 2014

Time Machines in Credit Card Contracts?

There was a young lady who bought shoes in bulk, that way she got a discount and always had something to wear on her feet. The purchase landed on her credit card statement as a big debt. The young lady wondered how she would ever foot the bill.

She took steps to pay off the debt—she got a job and put herself on a budget. Little by little she began to reduce her debt balance, but her account went delinquent because she had other bills to pay as well, like rent and food and gas. Then the young lady got sued in Small Claims Court on the credit card contract.

The problem was that the credit card company had charged off the debt in 2004, but the credit card agreement was copyrighted in 2006. “How are you suing on Contract?” the young lady’s attorney asked, at which point the debt collector got back in his time machine and disappeared from the lawsuit.

Just because you owe money does not mean you lack rights. Seek competent legal counsel to properly assert your consumer rights.