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Appeals court rules Wells Fargo had right to accelerate credit card balance to nearly $25,000

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Demonstrating yet again that playing attorney when you don't know what in the hell you are doing can have catastrophic financial consequences...he chose NOT to file any opposition to the MSJ. 


Last payment was March 2016 and suit filed in February 2017.  The MSJ was filed in June of 2017 with the Order granting Summary Judgment not coming for almost four months.  During August, he even got a copy of a Notice that oral argument had been requested on the Motion and was given a date for the hearing.  All documents are imaged and viewable on the Fort Bend County website...


I found his claim that the amount was usurious to be rather laughable given that more than $21K of the balance he walked was purchases made at a rate of less than 10%.  An additional $1200 is shown as cash advance at 22.9% and $1600 at the same rate for overdraft charges (this was actually a personal line of credit with the credit card attached to the account if I am reading the Agreement correctly).  


He apparently realized he was in over his head and did hire counsel for the appeal, but the problem there is that counsel is limited to what was done (or not done) at the trial-court levels...and as such, the hands of appellate counsel were really tied. 

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