Practice Areas
Blog 
Consumer Class Action Lawsuits
- Do Fall River Residents Billed By MassDOT for Railroad Use Owe the State?
- What is a lawsuit?
- Overdraft Fee Class Actions Help Consumers
- Bank Overdraft Fees in Massachusetts Will Not Stop with New Opt-in Rules
- Nevada Homeowners Sue Bank of America; Seek Class Action Status
- Bank of America Settles Mortgage Fee Case with FTC for $108 Million
- Toyota Allegedly Sought to Discredit Witnesses
- Toyota Financial Services Remains in Toyota Recall Lawsuit
- Toyota Financial Services Credit Rating Cut by Moody's
- Toyota Motor Credit Corp Added to Class Action by Massachusetts Couple
News
- Posted on 6/9/2011Employee Collects Triple Damages After Boston Business Violates Wage Law
- Posted on 3/12/20102000-2003 Toyota Tundra Recall Is Now Nationwide
- Posted on 3/3/2010Toyota Didn’t Properly Investigate Death Involving Acceleration Issue
- Posted on 3/2/2010Medford Man Sues Toyota After Wife Dies in Single-Car Accident
- Posted on 2/26/2010Credit Card Companies Can Still Profit Off Of Unsuspecting Consumers
Library
Testimonials
- "I sent this letter certified after receiving the free guide [from] Phillips & Garcia P.C. Saved Foreclosure. Thanks a million!" A.D. from Colorado
- After seeing first hand what you are up against concerning the big banking companies, we are even more amazed that you are willing to fight the fight. The little guy needs your help and your fearless attitude. You are good people and true Americans. We are honored to be called your friends. R.R. - Mich., Lockout & Trashout Victim
- The attorneys were very professional and I felt as though they always had my best interest in mind. Without them I would have been pushed around and just another number to the bank. N.L., Wrongful Lockout Victim
- Thank you Mr. Phillips. If we hadn't found you the [Bank] would have foreclosed on our property and I can't imagine the misery that they would have caused. S.N. - Arizona
What Can I Do About My Credit Card Rate Increases? (Part A)
One of the tactics that credit card companies use to get more money from you is a rate increase. This affects your monthly finance charges, and means that you will be paying more each month to carry the same balance as before.
What can I do if they increase my interest rate?
There are several things you can do if you discover a rate increase from your credit card company.
If you don't want to accept the rate increase you can:
- Call your company and try to negotiate a lower rate
- Pay off the balance of your credit card immediately
- Transfer the balance to a card with a lower rate
- Opt-out of the higher rate
Opting out of the higher rate is typically allowed during an opt-out period. But this means that your account will be closed - you will still be required to pay off the existing balance, and you can no longer make charges with your credit card.
But why was there a rate increase to begin with?
Unfortunately, your credit card company can increase your rates at any time and for any reason. And your lender doesn't always have to notify you of the change. If the rate increase is because of a late payment, for instance, then your credit card company may not have to notify you at all. These penalties are often listed in the fine print of your credit card agreement.
Continue to Next Page >>
Contact Information
Let our legal experts review your case, and we'll help you obtain the compensation you deserve. Begin your case review by filling out the form below:
Phillips & Garcia, P.C.
13 Ventura Drive
North Dartmouth, MA 02747
Toll Free: (888) 449-5343
Get Directions
