Sears ripoff This last statement I am paying more interest than the payment. Thank you Jean Columbus Ohio

I also have a Sears card which I have stopped using on principle. I was a couple of days late with a full payment and was hit with a hefty late fee and interest charge (my own fault). My credit is good enough that a call would most likely have erased or credited the charges, but I let it go as I have other cards to use.

I was just sent an offer from the company, which I tossed, but I did notice in the Terms (fine print) that a late payment or other issue would raise the APR to the 31% (+/-) you mentioned. That may be what happened to you.

1) what is your creidt like? it has to piss poor to have such a high interest rate. My Sears card is at 12% , because I HAVE GOOD credit
2) OF course the payment is going to be high, With such high intrest rate (becausey ou probably have piss poor credit), you are obligated to pay a minimum. NOthing prevents you from paying more than that.

And what do you mean its "being charged more interest than the payment". that makes absolutely no sense.

YOUR balance is what? over $5,000. To have a minimum of $232 at 31% interest, you'd have to be well in debt to sears.

Again, you do not provide any information so how canit be a ripoff? If you have bad credit, your interest rate is going to be high, because you are a high risk person to have credit in the first place.

I am paying 31.49% as I was saying above, I meant my interest is more than what I have to pay. If I don't pay more than I am going to be adding $232.10 will be added onto my balance.

So, what are you saying? What is your interest rate? What is your balance? Are you talking about minimum payment due? Are you joking?