Orchard Bank I pay a minium balance every month $100 for 9 months still credit card is maxed City If Industry California

Look at last month's statement. See how much of your payment last month went to principal and how much went to interest. Then you can see how much that $100 payment you're making is reducing your balance. You may have to pay more each month.

If for some reason you are at a default APR then your interest payment on $3,000 is going to be close to your monthly payment. You could be at a default APR even if you have never defaulted against Orchard Bank/HSBC. If they (or any) of your creditors ran your credit report during a routine checkup on you and saw you had 9 credit cards at or near their limit, then you could get slammed into a default APR without you noticing.

Also, if you have any type of payment insurance or payment protector service, then you could be hurting yourself.

Here is why I say this:

Let's say you are at a default APR of 29%.

29% / 365 = 0.0794521% This is your daily interest rate.
0.0794521% * 30 = 2.3835616% This is your monthly interest rate.
$3,000 * 2.3835616% = $71.51 This is your interest due each month

Now lets say you have a payment protector at $0.97 per $100.

3000 / 100 = 30 Number of units you are protecting
30 * .97 = $29.10 Your payment proctection fee

$71.51 + $29.10 = $100.61 Balance being added each month.

This is more than your $100 monthly payment. I would certainly check if you have any type or protection service. If you are at the default APR and you do, then your credit is already messed up so call the payment protector service and tell them you are having hardship. They will usually suspend interest due and payments due for 3 to 4 months. Now make your $100 payment as usual. Once the benefits are used up, cancel the protection service.

You are now on your way to getting rid of that nasty balance.

From what I gather, you may be at a penalty rate because of the overlimit status of your account. If you continue to pay the minimum payment each month then you are paying the interest from your account and 1 percent of the balance. Therefore, if you have any late fees or overlimit fees that equal or exceed 30.00, you will never pay off the card. What you need to do is pay the card so the balance is below the credit line, continue to make your payments on time, stop using the card (as you stated you have), and call in after six months of doing this procedure and request to have a lower interest rate. Usually those credit card companies look for six months of strong payment history before they will lower your interest rates.

Also, you need to contact them regularly so you can have an understanding of your account before posting this online. It's your account and it's time that you took care of it. Falling back into a bankruptcy is the last thing you want to do.