I just got a letter from CCC saying that unless I object within 30 days, I will give up any right to sue, and be subject to arbitration. Anybody else get this? Are you answering?
All the credit card companies are going to arbitration... NO CLASS ACTION SUITS... PRO CREDIT CARD COMPANY... ANTI CONSUMER...
BE CAREFULL...it may say they will close your account if you do not accept the arbitration... Just like when you do not accept an interest rate increase...they will close your account!
Say I have a credit card @3.99% balance transfer rate and a "GO TO RATE" of 13.40% and they want to JACK IT UP TO 22.49%...I SAY NO WAY ~ THEY CLOSE THE ACCOUNT I PAY IT OFF, THEY MAKE NO MORE MONEY OFF ME!!! They were hoping I would say thats fine @22.49%!!!
Hi Breeze Can they make you arbitrate if you rejected the new agreement and told them to close the account?
TML, yes the arbitration agreement is also listed as a "claim" subject to arbitration. Best regards, Sam
Hmmm, it just says to respond within the time frame, otherwise I will be agreeing to arbitration and cannot ever sue them. At this point I don't foresee suing them, but one never knows........ They have already been sued and they settled big time. Nobody else has gotten this????? C'mon, what are y'all doing about it?
