No wonder I'm losing ground!!!
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No wonder I'm losing ground!!!
| Thu, 03-11-2010 - 10:35am |
I thought I was losing my mind previously as this game isn't working -- things are going backwards.
My stupid minimum payments keep on going UP -- well, DUH...no wonder I'm short money worse than ever.
I at first thought it was just my imagination and/or it went up because I possibly charged something.
I knew my Disney visa was due soon -- it's minimum last month was $343.00 -- I have NOT charged a single thing on it....so double-checked the min. again today thinking $350.00 would cover it.

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It totally stinks doesn't it.
Becky
CL of 4th, 5th & 6th grade Scoliosis
Oh Becky, I'm so sorry.
Norma
"Patience is the best remedy for every trouble"- Plautus
Just a question -- is this because they raised the percentage
Did they raise it AGAIN?
Becky
CL of 4th, 5th & 6th grade Scoliosis
No, no leads.
Becky
CL of 4th, 5th & 6th grade Scoliosis
If it's any help, I know exactly what you mean.
Norma
"Patience is the best remedy for every trouble"- Plautus
Becky, I was just reading an article that says that:
Since any amount above the minimum monthly payment goes toward the balance with the highest APR, some issuers raised the minimum payment up to 5% on a number of accounts.
That may be what ended up happening with your minimum payment.
Greeeat. I noticed my Citibank minimum went up a few dollars which I thought odd because I have paid slightly more than the minimum for a long time and it was steadily dropping. Last month I even paid it right after the posting date by mistake which should have helped but no. The others are still dropping or staying roughly the same.
This really stinks for people with a lot of cards and a lot due (like me) who are trying to target one card at a time. I am amused (without laughing) about the disclosures that say if you pay $600 a month instead of $250 or whatever you can pay off faster. Great in theory but frankly if most people had that kind of spare cash laying around they wouldn't be in credit card trouble to begin with. I am terrified of the idea they will jack up minimums to the "recommended" amount. We're sunk if they do. I've been whittling away at all of the cards trying to get the total minimum due down so I can budget and plan better. I was just starting to see progress with that and now this.....
It's seems kind of short sighted. If they jack up minimums so high that people can't pay them customers will default or declare bankruptcy and the companies will get nothing.
Jenny
Ahhh...that could be it, so apparently they ARE jacking up the rates AGAIN.
I do agree that if they keep jacking it up so high you can't even pay it, that is without charging or adding anything to it, that pretty much leaves no option BUT bankruptcy.
I'm liking my Von Maur card more & more.
Becky
CL of 4th, 5th & 6th grade Scoliosis
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