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Junior Member
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Apr 18, 2013, 05:28 PM
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Why is my credit card bill rising higher in payment?
I alreay spent all the mondey on my credit that their told me when it came in the mail. It was $5,000 in credit money. Now they told me that I need to give them about $6,000 or more. I don't even have money on my credit card anymore. I didn't cancle or close my credit card and my opiopn, I rthought will cancel my credit card for me. What I have do is cancle my credit card or close my credit card instead/ Please help
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Expert
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Apr 18, 2013, 05:30 PM
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You borrowed the money and you have to pay it back with interest. That wasn't free money they gave you.
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Junior Member
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Apr 18, 2013, 05:32 PM
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Originally Posted by J_9
You borrowed the money and you have to pay it back with interest. That wasn't free money they gave you.
I know that, but my instrest is only $89 right now, How did it reach $1,000 in past 6 months.
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Entomology Expert
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Apr 18, 2013, 05:34 PM
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LOL! You think cancelling the card/account will clear you of having to pay? You have to pay them back, you know... that's what the payments are all about. Didn't you read the terms before you signed up for the card? Now you have interest to pay on top of the principal amount you borrowed from them. If you don't start paying, they will send you to collections.
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Jobs & Parenting Expert
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Apr 18, 2013, 05:35 PM
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What is the percent interest per month?
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Entomology Expert
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Apr 18, 2013, 05:36 PM
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The more you borrow, the more interest you pay... and $89 doesn't sound like an interest payment, it sounds more like a member fee or an annual fee for the card.
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Jobs & Parenting Expert
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Apr 18, 2013, 05:39 PM
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1) What is the credit limit you can put on the card? $5000?
2) How much have you charged to the card?
3) What is the percent interest per month?
4) On your most recent bill, what is the total that you owe?
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Junior Member
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Apr 18, 2013, 05:42 PM
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Originally Posted by odinn7
LOL! You think cancelling the card/account will clear you of having to pay? You have to pay them back, you know...that's what the payments are all about. Didn't you read the terms before you signed up for the card? Now you have interest to pay on top of the principal amount you borrowed from them. If you don't start paying, they will send you to collections.
But it can stop my credit bill to be rising up for up one million in one day?
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Junior Member
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Apr 18, 2013, 05:43 PM
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Originally Posted by Wondergirl
What is the percent interest per month?
Where can I found that percent of insterest per month?
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Jobs & Parenting Expert
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Apr 18, 2013, 05:45 PM
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Originally Posted by lbaven
where can I found that percent of insterest per month?
On the bill that you get every month.
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Junior Member
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Apr 18, 2013, 05:46 PM
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Originally Posted by Wondergirl
1) What is the credit limit you can put on the card? $5000?
2) How much have you charged to the card?
3) What is the percent interest per month?
4) On your most recent bill, what is the total that you owe?
1. I only had $5,000 on it.
I only spent $5,000 only and that how much that was already on my card.
3. Where can I fount the percent interest per month?
4. They told me I need pay $5,900, after that it will $6,000 and keep on going and going.
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Junior Member
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Apr 18, 2013, 05:47 PM
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Originally Posted by odinn7
The more you borrow, the more interest you pay....and $89 doesn't sound like an interest payment, it sounds more like a member fee or an annual fee for the card.
Where can I found the interset payment on my credit card bill?
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Jobs & Parenting Expert
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Apr 18, 2013, 05:48 PM
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Originally Posted by lbaven
1. I only had $5,000 on it.
I only spent $5,000 only and that how much that was already on my card.
3. Where can i fount the percent intrest per month?
4. They told me I need pay $5,900, after that it will $6,000 and keep on going and going.
When you charge something and pay for it with your credit card, you receive a bill once a month and then have to pay something back to the credit card company. Have you paid back anything?
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Junior Member
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Apr 18, 2013, 05:51 PM
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Originally Posted by Wondergirl
When you charge something and pay for it with your credit card, you receive a bill once a month and then have to pay something back to the credit card company. Have you paid back anything?
Yes, I pay every month for the first two months, I pay the full amount. When it got higher and higher, I pay as much as I can about $40 every moths.
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Jobs & Parenting Expert
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Apr 18, 2013, 05:52 PM
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Originally Posted by lbaven
yes, I pay every month for the first two months, i pay the full amount. When it got higher and higher, I pay as much as i can about $40 every moths.
Is there an adult -- parent, sister, brother, friend -- who helps you with money questions?
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Junior Member
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Apr 18, 2013, 05:53 PM
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Originally Posted by Wondergirl
Is there an adult -- parent, sister, brother, friend -- who helps you with money questions?
No, I am the only who is paying for this bill on my own.
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Jobs & Parenting Expert
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Apr 18, 2013, 05:55 PM
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Originally Posted by lbaven
no, i am the only who is paying for this bill on my own.
Is there someone who will explain this to you?
You are charging too much and not paying back enough. Probably your interest rate has become very high.
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Junior Member
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Apr 18, 2013, 05:57 PM
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Originally Posted by Wondergirl
Is there someone who will explain this to you?
You are charging too much and not paying back enough. Probably your interest rate has become very high.
Can I cancle my account or cancle account from the credit card account so it will stop the balance from keep on rising?
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Jobs & Parenting Expert
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Apr 18, 2013, 05:58 PM
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Originally Posted by lbaven
Can I cancle my account or cancle account from the credit card account so it will stop the balance from keep on rising?
No.
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Jobs & Parenting Expert
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Apr 18, 2013, 05:59 PM
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You MUST ask a smart adult to help you figure this out.
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