No. of Recommendations: 0
I would have to tell you to pay this card off ASAP. My mother had/has this card and it was problems from the beginning. Alot of it was her fault, they sent her a check in the mail. I advised her not to cash the check. She did and it has been a battle ever since to get her out of this bottomless pit of debt. She charged it up to the max and when she was like a dollar over, they tacked on an extra over the limit fee. When I started making the payments for my mother, they would hold the check for weeks and she would be charged late fees and over the limit fees. When she received a substantial sum of money, I advised her to at least pay down the balance to a level where it wouldn't keep going over the limit. She chose to pay only $200 on a $5000 balance. At that point I excused myself from my mothers bad habit. Eventually, she sought help from a credit counseling agnecy. I believe that has helped. Take a look at the APR, when I looked at it initially for my mother it was approx. 25%. That was why I advised her to not to cash the check plus the fact that this was a cash advance she would be charged more.
Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.