Yes, I am sure. It's my job. I have to tell customers this at least once every week.
And it's how AOL got enough money to buy Time Life Warner.
You have to contact, not the card company, but the company taking the money. Any reputable company will stop taking the payments; if it is too close to the payment date for them to stop the next payment, they will take it but will refund it shortly afterwards.
Whether LiveJournal/SixApart is a reputable company or not is not for me to say.
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