How much interest can credit cards justifiably charge? I am a new york state resident next to a credit card

I am a new york state resident next to a credit card that just sent me a bill near an APR of 32.24%. I am in well-mannered credit standing (make all my payments), but am carrying too much debt relative to income. The finishing payment for this dedicated card was 1 sunshine late, but in arrears charge and APR/Finance charges are listed seperately so I don't dream up that had anything to do next to it. I am wondering whether or not to go to the attorney common on this one. Please let me know what adjectives of you out there reflect.

Check next to the better business office surrounded by your city.

MOre than around 35%

chase did equal thing to me a few years pay for my credit limits be to high to roll them into a lower APR. Chase laugh at me when i threaten them with going to another card, because i bet they know somehow. I got proactive and pissed sour enough worked on the weekend doing remolding job with my brother, made enought money to pay packet those SOB's down. Then when i had it down to an 1/8 of the credit reduce got an volunteer with hill of America 5%APR with a keep a tight rein on of 20k rolled that over and told chase to buzz off next all of a sudden they where on earth offering the world to me. Now i don't have any stink-in CC beside balances.
I option you well, i am fell your pain!

Unfortunatly, they can charge anything the law of the state allows them to charge!

credit card companies can charge you up to the jargon dictated by the rate agreement you capitulated too. usually it's US Prime + some percentage.

your company may hold raised your rate because if you're carrying too much other revolving (i.e. credit card) debt, you present a difficult risk profile & hence, a greater chance for defaulting.
you may have even be late on some OTHER bill, resembling a utility or car pay, & they found out about it & ticked up your rate.

and yes, it's court for them to do so. the best advice & I'm sure you've hear it plenty of times, is pay sour the credit cards every month. It sucks not being competent to instantly go out & buy that big peak, but the aid you'll get on your credit rack up for future loans will be immense.

That seems drastically high. The worse I enjoy seen is around 21%.

Answers: Check your cardmember agreement. Usually the "Default APR" is listed on here, and if your payment be a day belatedly, that's probably what you're being charged. I don't know if making an attorney nonspecific complaint will help, but what you can do is stay on your credit card company, requesting that they lower your interest rate.

Legally what ever you are feeling like to pay. They want you to NOT discharge off your credit card every month and they want you to be at lowest one day overdue so you can be hit for late fees. Caveat Emptor my friend.

Unfortunately, I don't muse there is any restrict on what they can charge you. They may have raise your rate (in addition to charging you a past due fee) because your payment be late. But if you write to them and ask them to lower it, or at tiniest remove the late charge, they sometimes will do it.

With a charge as unpromising as that, I'd take it as a signal to start looking for different card provider so you can let somebody know them where to shove it there's some excellent counsel on Credit cards at this site: http://www.fool.com/ccc/ccc.htm... + they also do a couple of credits if you do consider looking somewhere for a better deal: http://www.fool.com/landing/card/decide

around 35, but depend on your credit and the company policy

I would consider calling them, Sometimes they forgive for 1 afternoon, you could argue it was contained by the mail and it should not be your defect for thier processing taking too much time.

Another suggestion is going to creditcards.com and trying to transfer the match to someone else at a low or no interest rate. American Express is offering 4.99 fixed for life if your ranking is high plenty you may qualify for that.