i just found out that i owe 9,000 to my credit card company. i only have like 1,000. what do i do? will they ask for all of it, all at once? or can i pay it over time..
2007-03-09 06:39:37 · 7 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
How did you just find out that you owed $9,000? If you were buying stuff on the card, it shouldn't be a surprise to you that you owe them for the purchases. Do yourself a favor and cut up your cards.
2007-03-09 15:42:15 · answer #1 · answered by SndChaser 5 · 0⤊ 0⤋
I am just curious how is it that you just found out? Credit cards send statements every month, so you don't remember spending that money, or you though that the credit card company might forget? A bill like 9000 from credit card company doesn't usually come as a surprise.
But to answer your question if this is a regular credit card, not a charge card (like classic American Express or Diner's Club) and you are not over credit limit, then your minimum payment will be no more than 200-400 dollars, but I suggest send them as much as possible, and next month send as much as possible again, don't send just a minimum payment, or else they will kill you with interest charges.
2007-03-09 14:54:35 · answer #2 · answered by Alexander K 3 · 0⤊ 0⤋
What a surprise? Call them right awa and tell them you need terms to pay it off. They may make some type of installment payment for you and can maybe reduce the interest if you ask and pay religiously. First thing to do is to cut up the credit card and make a budget.
2007-03-09 14:57:39 · answer #3 · answered by Gone fishin' 7 · 0⤊ 0⤋
Depends on your limit, call the credit card company and ask them what is the minimum you can pay.
2007-03-09 15:07:33 · answer #4 · answered by shorty 6 · 0⤊ 0⤋
That depends on your limit, if you have a $10k limit your minimum payment will be good, if you have a$5k limit then you have to pay at least $5k to get to your max. or you can call the company and see if you can get your limit raised, either way you need to get it under control because the credit cards are set up for you to get into debt and the deeper you get the more they make, it's a ripoff.
2007-03-09 14:47:07 · answer #5 · answered by Anonymous · 0⤊ 0⤋
DEPENDS ON THE CARD COMPANY. BETTER ASK YOURSELF WHY YOU "JUST" FOUND OUT WHAT YOU OWE. CONTACT THE COMPANY,ARRANGE TO PAY ASAP AND STOP USING A CREDIT CARD. YOU DO NOT SEEM TO BE READY FOR ONE.
2007-03-09 15:00:27 · answer #6 · answered by Bettee62 6 · 0⤊ 0⤋
Pay the 1,000 and pay it over time. you can pay what you have.
2007-03-09 14:47:33 · answer #7 · answered by cynthia b 1 · 0⤊ 0⤋