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lbaven · Apr 18, 2013, 05:28 PM

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

J_9 · Apr 18, 2013, 05:30 PM

You borrowed the money and you have to pay it back with interest. That wasn't free money they gave you.

lbaven · Apr 18, 2013, 05:32 PM

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.

odinn7 · Apr 18, 2013, 05:34 PM

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.

Wondergirl · Apr 18, 2013, 05:35 PM

What is the percent interest per month?

odinn7 · Apr 18, 2013, 05:36 PM

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.

Wondergirl · Apr 18, 2013, 05:39 PM

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?

lbaven · Apr 18, 2013, 05:42 PM

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?

lbaven · Apr 18, 2013, 05:43 PM

Originally Posted by Wondergirl

What is the percent interest per month?

Where can I found that percent of insterest per month?

Wondergirl · Apr 18, 2013, 05:45 PM

Originally Posted by lbaven

where can I found that percent of insterest per month?

On the bill that you get every month.

lbaven · Apr 18, 2013, 05:46 PM

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.

lbaven · Apr 18, 2013, 05:47 PM

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?

Wondergirl · Apr 18, 2013, 05:48 PM

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?

lbaven · Apr 18, 2013, 05:51 PM

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.

Wondergirl · Apr 18, 2013, 05:52 PM

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?

lbaven · Apr 18, 2013, 05:53 PM

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.

Wondergirl · Apr 18, 2013, 05:55 PM

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.

lbaven · Apr 18, 2013, 05:57 PM

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?

Wondergirl · Apr 18, 2013, 05:58 PM

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.

Wondergirl · Apr 18, 2013, 05:59 PM

You MUST ask a smart adult to help you figure this out.