book author ruins life

[danny40]

New York.

Can I sue an author who gave specific advise in his book about saving money with regards to interest rates on credit cards. The book quotes that if the consumer calls the credit card department and ask for a lower interest rate to save money on monthly payments is one way to save money. (The author didn't print any quotes saying that every consumer maybe treated differently and if calling the credit department asking for the lower interest rate may cause the creditor to run the consumers credit again and reevaluate the consumer's credit line and may not work). There was no quote informing that the advise is to be taken with consideration of ones own credit history if the consumer has defaulted or delinquencies in the past which may cause the creditor to reevaluate the credit line. In this case, this is what happened to me. The credit department ran my credit after I asked for the lower interest rate and reevaluated my line of credit that I had for 5 years and completely closed my credit line and credit card.They did this because since I received the credit line I had some delinquencies and late payments with other creditors never with the credit card being discussed right now. This situation caused my daily life and lively hood to be completely destroyed. How can I get help for suing the author for falsely misrepresenting information and omitting important information from his book.

[StorageGuy]

Originally Posted by danny40 New York. Can I sue an author who gave specific advise in his book about saving money with regards to interest rates on credit cards. The book quotes that if the consumer calls the credit card department and ask for a lower interest rate to save money on monthly payments is one way to save money. (The author didn't print any quotes saying that every consumer maybe treated differently and if calling the credit department asking for the lower interest rate may cause the creditor to run the consumers credit again and reevaluate the consumer's credit line and may not work). There was no quote informing that the advise is to be taken with consideration of ones own credit history if the consumer has defaulted or delinquencies in the past which may cause the creditor to reevaluate the credit line. In this case, this is what happened to me. The credit department ran my credit after I asked for the lower interest rate and reevaluated my line of credit that I had for 5 years and completely closed my credit line and credit card.They did this because since I received the credit line I had some delinquencies and late payments with other creditors never with the credit card being discussed right now. This situation caused my daily life and lively hood to be completely destroyed. How can I get help for suing the author for falsely misrepresenting information and omitting important information from his book.

You don't have a case here Danny40. The author did not give specific advice and could not foresee your prior credit history and its bearing on your financial situation.

[sandyclaus]

Originally Posted by danny40 New York. Can I sue an author who gave specific advise in his book about saving money with regards to interest rates on credit cards. The book quotes that if the consumer calls the credit card department and ask for a lower interest rate to save money on monthly payments is one way to save money. (The author didn't print any quotes saying that every consumer maybe treated differently and if calling the credit department asking for the lower interest rate may cause the creditor to run the consumers credit again and reevaluate the consumer's credit line and may not work). There was no quote informing that the advise is to be taken with consideration of ones own credit history if the consumer has defaulted or delinquencies in the past which may cause the creditor to reevaluate the credit line. In this case, this is what happened to me. The credit department ran my credit after I asked for the lower interest rate and reevaluated my line of credit that I had for 5 years and completely closed my credit line and credit card.They did this because since I received the credit line I had some delinquencies and late payments with other creditors never with the credit card being discussed right now. This situation caused my daily life and lively hood to be completely destroyed. How can I get help for suing the author for falsely misrepresenting information and omitting important information from his book.

You're kidding, right?

You don't try to sue the car dealer when you run out of gas because they didn't tell you that the car needed it to run. If you believed the author of that book when he said what he did, then you should ALSO realize that if it were that easy, EVERYONE would be able to do it - and no one would need to write a book to tell you about it as if it were some hidden secret.

You are naive to believe that credit card companies are just going to grant lower interest rates to all their customers who ask for them. It makes perfect sense for them to run your credit and evaluate whether or not it's in their best interest to do it or not. And while not all credit issuers re-evaluate the credit history of all their customers on a regular basis, the smart ones do - and if there are deficiencies on OTHER accounts, you can bet that they will be re-thinking their business relationship with you due to the increased risk of problems and defaults.

Of course you don't have grounds to sue the author of this book. You chose to believe them without actually doing your homework first. That is NO ONE's fault but your own.

[goddessoflubboc]

It's pretty well known that creditors don't just issue you credit and then sit back and let the chips fall where they may, particularly in this economy. I have talked to my creditors about lower rates (and didn't need some book...) but I knew my credit was better than when I opened the account.

You knew your credit had gotten worse.

Personal responsibility people!

[Friend In Court]

Originally Posted by danny40 New York. Can I sue an author who gave specific advise in his book about saving money with regards to interest rates on credit cards. The book quotes that if the consumer calls the credit card department and ask for a lower interest rate to save money on monthly payments is one way to save money. (The author didn't print any quotes saying that every consumer maybe treated differently and if calling the credit department asking for the lower interest rate may cause the creditor to run the consumers credit again and reevaluate the consumer's credit line and may not work). There was no quote informing that the advise is to be taken with consideration of ones own credit history if the consumer has defaulted or delinquencies in the past which may cause the creditor to reevaluate the credit line. In this case, this is what happened to me. The credit department ran my credit after I asked for the lower interest rate and reevaluated my line of credit that I had for 5 years and completely closed my credit line and credit card.They did this because since I received the credit line I had some delinquencies and late payments with other creditors never with the credit card being discussed right now. This situation caused my daily life and lively hood to be completely destroyed. How can I get help for suing the author for falsely misrepresenting information and omitting important information from his book.

If you sue, you should be thrown out of court on the first motion the publisher or author brings. The author is not personally responsible to you for what he wrote -- which may apply in many cases, but happened not to in yours. The author had no fiduciary duty to you, published what he thought, knew from research, or believed -- none of which can you hold the person liable for.

You created your credit history and a bank can take whatever measures they think appropriate in light of your history with them or others.

This sucks! I hope all works out for you. God Bless!