Joyce Anderson
New Member
- Jurisdiction
- Illinois
I have a Elan credit card and have a question on how they are doing my interest.
They are taking the interest on my balance owed for this month, debiting my credit card the amount I would owe on the balance for this month, back to the credit card, which is than included in the amount I would owe next month and adding interest on the than balance.
I feel this is charging interest on the interest.
Is this legal and if not what can I do about it? Thank you.
They are taking the interest on my balance owed for this month, debiting my credit card the amount I would owe on the balance for this month, back to the credit card, which is than included in the amount I would owe next month and adding interest on the than balance.
I feel this is charging interest on the interest.
Is this legal and if not what can I do about it? Thank you.