- 3 -
From July 20, 1996, through September 19, 1997, petitioner
made the following payments on his account:
Posting Date Payment Amount
7-20-96 $1,000
10-21-96 800
3-14-97 350
4-21-97 350
5-22-97 350
6-19-97 350
7-19-97 350
8-19-97 350
9-19-97 350
Total $4,250
Beginning with the July 1996 statement, a total of $6,146.66
in finance charges was posted to petitioner’s Mastercard account.
Late fees were also posted to petitioner’s Mastercard account
from July 19 to December 18, 1996, and in October, November, and
December 1997. Petitioner objected to some of the late fees on
the ground that timely payments were made. In or before
September 1997, petitioner began contesting the late fees and
finance charges posted to his account. Beginning in October
1997, petitioner ceased making payments, advising MBNA that he
might resume payments when a dispute over the late fees was
resolved. In a letter dated January 15, 1998, MBNA offered to
settle petitioner’s account for a payment of $12,700 by
February 1, 1998. On January 28, 1998, petitioner sent a check
to MBNA in the amount of $12,700.
At the time of the settlement of petitioner’s account,
MBNA’s records reflected a balance of $32,566.70. MBNA sent to
Page: Previous 1 2 3 4 5 6 7 8 9 10 Next
Last modified: May 25, 2011