I am unable to download or update anymore apps due to an unsuccessful app purchase because of insufficient funds. can i cancel the purchase

i am unable to download or update anymore apps due to an unsuccessful app, as a result of insufficient funds in the visa card. however i dont want this purchase, can i cancel it and continue or what can be done?

reboot
http://support.apple.com/kb/ht1430
in the furture any issue you exp will with 80% likelyhood also be resolved by the same cure

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