At this moment we're experiencing to much charges of interest which is almost double of the amount we've purchased. We noticed that the due amount dectated in the statement of account about to be settled only goes to the interest and the pricnipal left the same.
2007-12-26 12:03:08 · 2 answers · asked by Ding O. Maravillas 1 in Business & Finance ➔ Credit
Pay it off with other money. If it is credit cards most can change the rate for no reason and they should have sent you a notice so you could cancel and pay off at the old rate. If you didn't read your mail it may be too late for that so you need to either pay it off or increase the amount you pay per month. If your minimum payment were 2% then the interest rate more than 24% you are going backwards. That is why they are starting to change the minimum to 4% go ahead and change yours before they insist or the debt will grow.
2007-12-26 12:27:57 · answer #1 · answered by shipwreck 7 · 0⤊ 0⤋
You might be able to call customer support and have your interest rate lowered, but its up to them.. You'll probably just need to pay off the credit card and stop using it or get a new card and transfer the balance.
2007-12-26 20:14:28 · answer #2 · answered by Bumblebee 4 · 0⤊ 0⤋