Robert
Irvine,#2Consumer Comment
Mon, April 09, 2012
Welcome to the wonderful world of credit and credit cards.
Interest alone on April 2012 statement is 231.12 making my payment now 348.00 a month.
I dont understand how this can be legal.
- You are lucky it is only 24.9% right now. If you make late payments it may be possible to go much higher. Oh and yes it is very legal.
If anyone has any ideas how to resolve this problem, please let me know
- Pay as much as you can every month to get the balance down as quick as possible. Never pay late, and never pay less than the minimum payment. You may not like this answer but unless you want to screw your credit up for the next several years, and possibly get sued this is what you need to do.
As an alternative you may be able to find another bank who will loan you the money at a lower rate, which you can then turn around and pay this one off. But if you have a very limited credit history don't count on that.