What am I doing wrong? Negative available credit
Hello this is kind of embarrassing because I let my situation get this bad but now I don’t know what to do.
I have a credit line of $10,400. But my current balance is $10,540. So available credit is -140. I make my minimum payment every month of about $250. I DO NOT use this card anymore so the only transactions are my monthly payments. But every time my statement comes out, the balance goes back to where it was with negative $140.
I’m sure I need to start making bigger payments but how much does it need to be to start chopping away at the actual balance?