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Bank Credit Cards

ID:yJ3B0QcO No.937011 ViewReplyReportDelete
So here's my situation with my Bank Credit Card.

Received 1 year of interest free credit which complete this November.

MinPayment is $25 per month.

Current balance on card: $500
Card Max: $2000

So I have my card at 1/4 the balance and the free interest period is about to give in, I can't pay off the entire $500 by November, the most I can give is $50 buckaroos. How fucked am I boys?

Will my credit suffer? How high do you guys think the $450 is gonna jump with interest?

I don't really understand the full gravity of this situation.

PS obviously I've stopped using the credit card the last couple months. Only reason why I can't pay it off is because I'm unemployed. (but I would be able to make $25 minimum each month)