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Just lost it with my credit card company!

Valued Member

Just lost it with my credit card company!

I paid my statement balance off this month to 0 and luckily I happened to look at the account again and now it shows I owe $60.22 in interest!! Seriously!! I have been at the mercy of these jerks for over 5 years at 29.99% apr and just when I think they go away they charge me more. I just called the place, escalated it to a supervisor and she got some unpleasing words from me after she refused to help me. Do I have any recourse? How would you ever know what you had to pay to get a balance to zero? I just cannot win and want to throw in the towel. 

Message 1 of 5
4 REPLIES
Frequent Contributor

Re: Just lost it with my credit card company!


Kbrown1022 wrote:

I paid my statement balance off this month to 0 and luckily I happened to look at the account again and now it shows I owe $60.22 in interest!! Seriously!! I have been at the mercy of these jerks for over 5 years at 29.99% apr and just when I think they go away they charge me more. I just called the place, escalated it to a supervisor and she got some unpleasing words from me after she refused to help me. Do I have any recourse? How would you ever know what you had to pay to get a balance to zero? I just cannot win and want to throw in the towel. 


If ypu paid your statement balance in full BEFORE its due date, you should not have been charged interest for purchases made in the same statement period.  Did you pay less than or only the minimun during the previous billing cycle?


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Message 2 of 5
Valued Member

Re: Just lost it with my credit card company!

I always pay more than the minimum each month. I have been carrying a balance with these people for years. I finally thought I paid them off and they will go away forever and I still owe more. This system is an epic fail. You can never really pay anything off. Takes more than a month.

Message 3 of 5
Moderator

Re: Just lost it with my credit card company!


Kbrown1022 wrote:

I always pay more than the minimum each month. I have been carrying a balance with these people for years. I finally thought I paid them off and they will go away forever and I still owe more. This system is an epic fail. You can never really pay anything off. Takes more than a month.


If some of the balance owed was from BTs and/or cash advances then yes it will take 2 months to totally pay them off as interest is charged to the day of payoff, only purchases are exempt from interest if paid in full by the due date. You can avoid this in the furture by overpaying the balance to the amount you think you will owe in interest charges + a few extra bucks.

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne
Message 4 of 5
Contributor

Re: Just lost it with my credit card company!

+1

If you carried a balance from the previous statement, it will actually take an extra cycle for you to see a zero balance. Been there..


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