Credit card issue from Washington Mutual? i am 19 years old, and I live in Eastern Tennessee.

i am 19 years old, and I live in Eastern Tennessee. I received a Washington Mutual Visa Platinum card beside a $2500 spending Limit. now the thing be...they had me on 0% interests until Jan. 1 and i got this card spinal column in April of this year... and after maxing it out like a month following...i was sending a Minimum of $50 a month...and then after the first settlement i sent..the 2nd one apparently got in alittle behind schedule though the mail..and now they changed my 0% to 23% interest due to me making a *late* payoff. .after that, it enraged me, so I stopped taking their calls and once contained by a bluemoon i would take their call and they would bug me bout making a minimum paymet of similar to 200+ cash...so i stopped paying them..and I done did some calcalations and if i were to wages this $50 per month with 23% interest..i would only be giving $4 into the actual card respectively month..and so after bout 60 years ill finally have it remunerated off if i started paying on it now..whats the worse that can crop up if i dont pay?

That's the trick next to credit cards! They get you when you're not looking.
Try to pay stale as much as you can ASAP! Don't just pay the minimum.
Your credit rating must be really low right in a minute, so try to work to get it back up. It might not appear like a big deal, but it really is. Aside from annoying creditors hounding you, this can den you for the rest of your life. You won't be able to acquire a car loan, a mortgage, even student loans.
Some employers also ask for a credit check in the past offering you a job!
Start paying it off in a minute. The next time a creditor calls, see if you can receive a deal with them- to rate a certain amount of money each month, and stick next to that!

Tighten your budget and recompense as much as possible. Stop non necessary spending. Buy only food and earnings your utilities. If you have luxuries then sacrifice and stop them. Consider a 2nd charge if you have the time and will not get sleep deprivation.

You'll be sued, they will win, your credit will be ruined and, 5 years from now, when you grow up and realize what an idiot you be and try to buy a home... you'll have to pay an interest rate 3-5% greater than everyone else which will costs you hundreds of thousands of dollars over the life of your mortgage.

Call them, make re-payment arrangements and STICK TO THEM. You spent the money on the card... you're experiencing the benefit of the products your purchased and very soon you expect the Big Bad Bank to take one for you?

This is why 19 year-olds should not be given credit cards.

Do the right thing and you won't regret it. Be an untrained little brat about it and pay for it for the subsequent 50 years. It's your choice.

There is no debtor's prison in the U.S.

If you don't wages it off, they'll turn it over to a collection agency and then you're credit will be crap.
Call them and annul the account or stop using the card. With the rate at 23%, I'd cancel it. But salary it off and pay as much as you can when you transport the payment and send it as regularly as you can.
If you're supposed to send them $50, send them $60, every little bit will give support to.
Or there are places that you can call, financial advisory companies, that can possibly get the interest rate taken off and you can remuneration only what you owe. You'll have to look surrounded by the phone book or do a search on them, no name comes to mind at the moment.

Well, if you don't pay, it will go on your credit. And stay nearby for 7 years. That affects the ability to buy a car, sometimes getting a chore, renting an apartment, insurance, ect. Look the best thing you can do is visit this website http://www.ftc.gov/bcp/conline/edcams/cr... Get some accepted wisdom on how to deal with the creditor. Then beckon them up, tell them you would like to close the article. And you set up payment arrangements. But you let them know that you are individual willing to negotiate if they stop adding interest, or lower the interest rate. And the means of access to get ahead and pay smaller number interest is to pay more than the minimum. Say they agree to $50.00 a month. If you send $75, they enjoy to put that extra $25 towards principal if you specify that. So the next month instead of paying interest on that $25, you are saving money

Answer:
They can screw your credit rating for YEARS. And call you every hour on the hour to collect the money. And later you will never get a good credit rating again. Say goodbye to the fortune of ever getting a house, or a car loan at a decent rate.

As from the information you provided I can articulate that you were the one that made a mistake and they increase your rate. Because you breach the Agreement conditions. They have the right to move your APR from o to 23% if you do not follow the conditions of the agreement.

I would request you if you are financially sound then please brand the payment that they owe. And then you can reverse your card if you dont like the services they provide.

In both the options above you will be the one who will lose. If you recompense or not pay now your credit mark is already decreased from 800 as you said and if you cancel the card still you own to pay the bill and then you can put an end to it. Else you have to declare a ruin that you can not do it for the amount of some dollars.

I was told by a collection agency worker. Just keep sending what you can earnings. Then write them a letter to this fact and narrate them you should not be charged a fee or have your interest raise. Just because of missing a payment one time.