grumpalot

Hello there, Just to give a quick update one my situation. Capitol One accepted the SCRA request and deleted 900$ in late charges and fees. The account is now considered Pain in Full My local credit card company also accepted the SCRA and credited 600$ in fees back to my account.

Wow, that is great information to see. I have been looking and saw nothing about section 527. I have no idea what the bank was leaning toward by saying they would send the paperwork to their attorneys. But it looks like now I have to sit around and let their legal team look everything over. I also spoke with Capitol One and they easly and quickly answerd me to resend my paper work and they would fix all APR above 6% that had accrued on my account after August 27 2008. I have 2 other cards that went to collections also that were in the same boat but they said they wrote off the debt and sold it so they no longer have to abide by the rules. And of course the collection company just laughs and says we do not charge you interest but some how the bill keeps going up. Thanks again for future comments and suggestions

Hello, new to the sites. I have just a few questions. I enlited into active duty August 27, 2008. In February of 2009 right before I left for Korea I asked my bank to lower my credit card APR to 6% via the SCRA. It was not in writting but was verbaly agreed upon and I turned in a copy of my orders. I never really knew what to do after that point. My card was never lowerd to 6% well I just left active duty January of 2012 and have learned for information on the SCRA. I went back to the Credit Union and asked them again to forgive all APR of 6% or more that had accrued on my account past the date of August 27 2008. They replied that they never received a copy of my orders and never received the request. They also said that It was my responsibility to check and make shore the % rate had been droped and now that I am out of active duty that It no longer applies. I then mentioned that I had droped of my orders and verbaly asked to where they responded that they will forward the paperwork to their attorneys. I had very hard times in the military paying for my bills with 4 accounts going to collections in Basic and Korea. I took a 1k a month drop in paycheck when I joined as well. So my question is what should I do? I know this is one of the best places to look and ask. Should I expect to get an attorney? I had the same problem with Capitol One. They had my APR at 30% and my minimum payments sky rocketed to 300 and the account built up 1k charges in interest and late fees on a 500 card. I know I should have checked to make shore, but at being a new soldier and still not knowing the laws. How was I supposed to know exactly what the SCRA law said and how to approch it. Thanks for any answers or suggestions.