Q: Credit card company has frozen my card, refuses to return secured funds on deposit and continues to charge fees.
Employer had me get a secured credit card to use for work related expenditures. They paid the deposit and the monthly statements from their bank account. My boss died and their account was closed so payment for the card was declined. It has been almost a year since this occurred. I have spoken with credit company multiple times. I have explained the situation. They can see that the bank account had been verified, and there were no issues with any payments up until my boss passed away. They froze my credit card, won't return the secured deposit funds and continue to charge interest and late payment fees. I refuse to pay any of this. The balance on the card was less than $100 and now is over $300. They won't do anything. Keep telling me it's under investigation. I've even requested to close the account and return the deposit. It's been almost a year!!!! What can I do. They are reporting late payments and my credit is suffering because of it.
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- California
- (916) 704-3009
- View Profile
- Answered
A:
In California, if the credit card company has frozen your card, failed to return your secured deposit funds, and continues to charge fees despite your attempts to address the situation, you may want to consider sending a formal written dispute to the credit card company, outlining the facts and requesting a resolution. If this does not lead to a satisfactory outcome, you could consider filing a complaint with the Consumer Financial Protection Bureau (CFPB) and/or seeking legal assistance to explore potential legal remedies.
Sincerely,
James L. Arrasmith
Founding Attorney and Chief Lawyer of The Law Offices of James L. Arrasmith
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