It still doesn't give them the right to change the terms.
The founding fathers were familiar with the way creditors oppressed people. Bankruptcy laws was one of the first things they implemented.
Read the terms of your agreement very carefully. If your agreement clearly states that the maximum interest rate is 20%, then you would be on solid legal grounds to sue them when they raised it to 27%. I suspect there is something more to this than what's been posted here, since this just seems such a clear a case of bank fraud to me.
Read the terms of your agreement very carefully. If your agreement clearly states that the maximum interest rate is 20%, then you would be on solid legal grounds to sue them when they raised it to 27%. I suspect there is something more to this than what's been posted here, since this just seems such a clear a case of bank fraud to me.