Friday, January 27, 2017

Credit Card Experience

A couple of days ago I called the bank and told them to cancel my credit card as I wasn’t going to use it anymore. To me the credit that I was allowed to use is down to roughly $16,000. So I’m not using that card anymore. Now for some reason I cannot figure out, they still want me to pay interest on the balance of credit that I could have had. I finally told the woman that I was speaking with that I wasn’t going to pay that because I’m not using my card anymore.

She told me that it will affect my credit rating. I then told her if they want to take me to court they are welcome to do so because I’m not paying them for something I do not use and if I’m not using that card I should not have to pay interest on something I’m not using. She then answered that all conversations with them are recorded and I told her I didn’t care.

When you apply for a credit card they tell you that if you use some of your credit you are also charged interest on top of what interest that you pay for what you are entitled to spend. But they tell you if you quit using your card that you still have to pay the interest on the amount of whatever credit you could have and even if you don't use your card (but without cancelling it and not buying anything) you still have to pay interest on that amount that you have credit for. Why should I pay interest on something that I'm not using? That cash is still in the bank and not in my hands.

This month they are asking a little over $200, of which they are not getting anything. Now they can get ready for court no sense in waiting to see if I had changed my mind.

I forgot to mention - they have made quite a few mistakes like saying I bought this amount of groceries but no date as to when and not even, where I had done that shopping. Because I was always paying my prescription, with my card they were charging me for health and education but never showing me the amount paid out to the drugstore there are also a few more things that I could bring up in a courtroom even related to the last statements that they had sent me.

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