Comments on: Attorney Refuses to Pay Bank of America Credit Card Debt http://caveatemptorblog.com/attorney-refuses-to-pay-credit-card/ seeking justice for consumers Fri, 30 Jul 2010 01:34:23 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Shawn http://caveatemptorblog.com/attorney-refuses-to-pay-credit-card/comment-page-1/#comment-1816 Shawn Thu, 21 Jan 2010 01:54:50 +0000 http://caveatemptorblog.com/?p=3345#comment-1816 While he may not have solid ground for refusing repayment of outstanding debt, he does make a good point: The TARP bailout funds were suppose to enable banks to continue to make loans. If those same banks then refuse to honor existing credit lines--thereby reducing available credit--then what was the point of TARP? Further, why do CC customers have to cover to RE losses? While he may not have solid ground for refusing repayment of outstanding debt, he does make a good point: The TARP bailout funds were suppose to enable banks to continue to make loans. If those same banks then refuse to honor existing credit lines–thereby reducing available credit–then what was the point of TARP? Further, why do CC customers have to cover to RE losses?

]]> By: Peter Mullison http://caveatemptorblog.com/attorney-refuses-to-pay-credit-card/comment-page-1/#comment-1814 Peter Mullison Wed, 20 Jan 2010 17:46:44 +0000 http://caveatemptorblog.com/?p=3345#comment-1814 I'm interested in hearing the outcome of this case. I'm not sure where his claim that BofA had to increase his credit emanates from, and there is nothing in the HuffPo article as to why his interest rate increased. Maybe he can shame them into lowering his interest rate, but I'm not sure he has legal grounds for a usury claim. By the looks of his website, the guy doesn't shy away from publicity. I’m interested in hearing the outcome of this case. I’m not sure where his claim that BofA had to increase his credit emanates from, and there is nothing in the HuffPo article as to why his interest rate increased. Maybe he can shame them into lowering his interest rate, but I’m not sure he has legal grounds for a usury claim. By the looks of his website, the guy doesn’t shy away from publicity.

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