Ask a Lawyer and Get Answers to Your Legal Questions
I am Loren, a licensed attorney, and my goal is to answer your question and provide you excellent service.
It would depend on the terms of the credit agreement, but, generally, they would have terms for advancing funds in excess of the limit under certain circumstances or even unilaterally increasing the credit limit.
Check the credit agreement. That is what would govern the situation.
Who used the card?
No, I mean who gave the credit card to the rental co to use?
Thank you for the additional information. I am sorry to hear of your dilemma. I realize how frustrating this is for you and I hope to provide you information which is accurate and useful, even though it may not be the news you were hoping to get.
Yes, the credit card agreement allows them the discretion to approve a charge which exceeds the limit of the card, if the charge is authorized by you. You authorized the rental co to use the card in the event of additional charges, including an accident, in the terms of your rental agreement.
I realize this is probably not the answer you were hoping to receive. Also, please remember that this is not a moral judgement on my part. As a professional, however, I am sometimes placed in the position of having to deliver news which is not favorable to a customer's legal position, but accurately reflects their position under the law. I hate it, but it happens and I only ask that you not penalize me with a bad or poor rating for having to deliver less than favorable news.