at&t universal card on balance of account after years of payments in excess of 500 and 600 dollar monthly payments never late and non-use of card for 4 years sioux falls, South Dakota

If your balance is up close to your old credit limit of $25K and your interest rate is like 25% or thereabouts per year, then you're running up about a $6250 in interest per year. If all you've been paying each month is about $500 to $600, guess what? You're only covering the interest! Nobody has to wonder why your balance doesn't seem to go down. Don't try to take this to court. Better make nice to them because this isn't like a mortgage where the bank goofed up the foreclosure paperwork. Nothing short of bankruptcy is getting you out from under this. Better get back to making payments quick.

How does it feel to have cut the big leech off?!

We have had an AT&T Universal card for 10-15 years. We could have charged $45,000 at 6% intrest, but we didn't.

We never paid late but because of Cancer, time off work, and medical bills, our balance was up to $7000 at one point. 

In the credit mess caused by subprime loans and people charging to their limit. Our $45,000 changed to $7500 and 6% interest changed to 29.99% interest. The only issue to us was the intrest rate.

We, and you, were given the option of keeping your previous intrest rate and not using the card again.  I chose that option and paid off the card earlier this year, AT&T Universal card wants us back now, at 24% intrest and we would get reward points to buy stuff. Go figure! LOL

"It at one time allowed me a 25,000 dollar line of"

What happened to the rest of this sentence??

"there has been no noticeable reduction in the balance"

What is the current balance? What is the minimum monthly payment? How much above the minimum payment do you pay monthly? What is the interest rate? What is the rip off?

What must your original balance have been if you've been paying "$500-600 or the better part of a thousand/month?"

I would bet your balance was at least $25,000 and your "suspending" payments will only add to your woes. You will probably "get this in court", but not likely to your benefit.



With a penalty for over your credit amount (likely) and probably an interest rate of around 25%, you may well need to increase your payment amount to ever get out of debt,

Good luck.

I would be very interested in knowing where "they are wrong", and how, exactly they ripped you off or breached their contract with you.

No wonder credit card companies are in so much trouble, they apparently issue $25,000 credit lines to people who have no idea how credit cards work.

What was the balance 4 years ago?
What is the balance today?
What is the Interest Rate(Purchases and for Cash)?
What is the Minimum each month, how much do you pay each month, and is that constant EVERY month?

I decided to suspend payments hoping to get this in court. I know they are wrong and have no intention of continuing with business as usual.
- Yea let us know how that works out for you.