My credit card had $77 available credit last month, I went and paid $80 instead of min $32; now I received a statement and the avlbe credit is only $130 instead of $157, I guessed the ifinance would be about $10-$15 but they charged me $27 in finc chrges!! I called them and they told me I have a variable intr rate and right now its 21% !! They dont offer fixed rates, what should I do??
You've made a real fundamental mistake. You've taken a cc with a low cl and, maxed it out . The creditor knows you probably don't have any other credit available to you so, they can charge whatever rate they wish. Your best bet is to pay the card off and not revolve until you have another card to bt the balance in case a creditor trys this again.
Absolutely, deal from strength. Always have available credit to take advantage of teaser rates. Play the credit card shuffle to your advantage. It helps me lower my rates and raise my limits. www.creditsense.com
