Hi I got iPhone 4 been getting apps today went to get an app and won't let me even free ones have to sign in then sign in again for billing info it's all correct but still won't download apps had problem before fixed it but won't work again

iPhone has previously downloaded apps but go to do today and won't keeps asking for billing info which is in there and correct but then says plz update you payment there is a billing problem with your previous purchase it's done before to me so reset and erased everything and worked did that Again and still doesn't work  info is all correct have to re enter Ccv number still doesn't work driving me nuts I want my apps

If you had money in your account when you purchased a paid app and Apple didn't claim on the payment to your bank until after the download it maybe that there was insufficient balancce in your account to complete the purchase and therefore you'll need to wait until you have the funds to make the payment, when you have billing issues it won't even let you download free apps.
If that isn't the case then give iTunes store a call or email them and they can tell you exactly what is wrong with the account

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