Monday, December 12, 2011

Can I still use my credit card if my available balance is negative?

Hey everyone, my credit limit is 500$. But right now it's -54$. Is that why I can't use it? Or did they lock it, just incase it was fraud?|||They've already earned their nice $39 over the limit fee.


There is no need for them to allow you to continue using the card since they can only charge one over the limit fee / month.





Stop and think of what you have just done to your credit rating for a second.


This will stay on your report for the next 2 years.


Employers, car insurances, and landords all look at credit ratings.





Anytime you use more than 25% of your available credit limit your score starts going down.


When using more than 75% of your limit you are devastating your credit reports.





40% of the US population pay their credit cards in full each month.


Surprisingly these are the people with the best ratings.


Stop abusing yourself and your chances of gaining good employment.


Put the credit card away if you can't pay in full each month.


Paying interest not only ruins your finances - it can ruin lives.


/|||because you are over your limit|||your credit limit is 500$ you used your 500$ + 54$ more so you cant use more.


Check your statement with your bank to check if there were any unauthorized transactions|||You already used it more than allowed. You used $554. You went over the limit. You are not allowed to use it anymore, and you are going to be charged a fee for going over the limit.|||If you're over your limit, they won't let you charge any more until you pay it down below the limit. And they will charge you a fee for going over the limit, too.|||You've already gone over the limit, will be charged an over the limit fee, and the bank will likely also raise your interest rate.





Doing things like that doesn't help your credit score especially when you are trying to establish credit.

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