Even though they will
charge you an overdraft fee of ($5 to $35) if you tap into your credit
line,
and your credit line
is also subject to a 14% interest charge.
THEY DO NOT TELL YOU THIS!
They do not tell you that
your
"Available Balance" includes the amount of your overdraft credit
limit (usually $500)
and if you withdraw any
part of that amount (from an ATM machine or bank) you will be charged an
overdraft fee (of $5 to $35) and 14% interest!
They do not tell you that
the difference between your "Available Balance" and your "Current
Balance" is the amount of your overdraft limit (usually $500)
and if you withdraw any
part of that amount (from an ATM machine or bank) you will be charged an
overdraft fee (of $5 to $35) and 14% interest!
INVESTIGATION - If
you have inadvertently withdrawn money from your overdraft credit line,
and were charged an overdraft fee and/or interest
complete
this form, or contact:
Steven G. Tyson, Esq.
610-876-1482
steve@e-squire.net