Target - Excessive interest rate charges and fees
MINNEAPOLIS, MINNESOTA -- I have had my Target red card since 1995. I used it for dental work which was a bit costly and then mother died in 2002, and I stopped using the card period. I continued to make the payments, most of the time they were over the required payment amount. I know that I do not owe any money on the principle of the charges, as nothing was charged after April of 2002. I am speaking of roughly 2500 hundred dollars. I got a nasty phone call because I had over looked my payment for July 10, 2012, and after all there impolite abuse they can sit on it and spin as far as I am concerned. Now to top that off they are saying I owe them 2700 and at their current rate it will take me another 10 years to pay IT OFF....it is funny to say the least and absolutely ridiculous as a mouthful I will be dead before their bill is paid according to their "rules" . I also notified them they could close the account period, that use to mean that no more interest or fees could be charged, but they have gotten my unlisted phone number somehow, and as I blocked them from my email account they have called this morning with just the opening phrase I am calling about your unpaid Target card payment, they never even asked who they were talking to... I wasn't even 10 days late when they called... and I didn't intentionally not pay the bill, it was just one of those things, I forgot to push the button on my bill pay account and didn't pay any attention to it. NOW I will fight them to the end.... I don't feel I owe them a thing..... If anything they owe me....However they are charging their fees and interest rates they should be very ashamed of their business practices..