I’ve been with this company’s card for years. I was out of the country a couple months back and missed a payment. The interest rate shot up to 27% and they said they could not lower it back. They said, I should try again and ask them in a few months. Anybody else with a better solution? I would switch companies in a heartbeat, but I have quite a sizeable balance, and at this point, I don’t want to apply for another card with someone else as my credit has been blemished in the last 6 months with delayed payments, etc.

I have a couple of Chase cards that I am desperate to pay off-they are really quite wretched. I also had a late payment and my rate jumped from 14% to 24%! One late payment on a card that’s at least 4 years old! On the other card, I paid it off, then was forced to use it again before I closed it. They penalized me for paying it off!! That card jumped to 24% also!!

The one card that I’ve had the longest and have never had any problems with is Capital One. My husband has a card with them for business and it’s the same story. They have been most helpful! I don’t know if they can help you, but it might be worth a try.

Why not just close the card? You can close cards with balances. And as for working with the card company don’t work with just the regular customer service ask for the department that deals with the interst rates. The name is escaping me right now. But keep asking for the next person in line. Be forceful, don’t take the first answer. Tell them you will be taking the card to a credit counselor. What people don’t know is you don’t have to close all of your cards to work with a credit counselor. I go to one. I gave them all the high interest rate cards. And kept all the lower interest rate cards. The credit counselor was also able to negotiate lower interest rates.

But what you need to remember is that now ALL of your credit cards can raise your interest rate based on the reporting of the other companines. I had two cards from the same company, I was late on one, and they raised the interest on both. It was an easy fix though I just called the one that I was never late on they reduced the rate back.

Bear in mind, from what my fella and others say, you have to earn enough to pay the kind of taxes that allow such ‘deductions’. I have heard of debt management companies doing that before. Whatever you do, you can’t just not pay them for several years. The creditors will do a lot of damage without getting paid.

Find a reputable, trustworthy place that pays the bills each month, not banks the money for years on end.

Watch out… Usually, they leave YOU to handle the harassing phone calls, threatening letters and such, you send a set amount (Including a ‘Service/admin charge’ of $50.00!) to their financial company the one I tried used London Financial. They in turn bank it and get the interest too, then in seven years they make offers to your creditors.

Meanwhile, your rating is in the toilet even more, and by that time, Usually your creditors have sent your ‘bad debt’ to a collection agency. After only a few months, I called and wanted out. They refunded my dough, and I paid off one of the debts and moved on with the others.

It was hard, but I am now within about 2-3 years of being DEBT FREE if all goes as it is right now, and 4-6 years to total freedom if I have to go back to straight SSI. Retail, like any job has NO guarantees, so all I can do is work hard, keep my slate clean and collect a paycheck. If health or whatever comes and takes the job, I now, after a few years am better equipped to pay the minimums with SSI, but work lets me pay a goodly bit above minimums.

I guess my point is don’t pay someone else to do what you, yourself can do. Keep a savings account in some bank, with a co-signer so you or they cannot go and take any money out. Keep a log of when the creditors call, and note the times, dates etc. Don’t volunteer info to them on what you are doing, they don’t need to know. Be prepared for a rough ride, but after five or seven years of banking that money, then YOU call the creditors and ask what they would settle for. Then counteroffer with a lower amount that you can pay them right then and there.

This is what worked for ME, so I can’t promise uniform results for all, but it is better than having to pay more than needed to get out of debt.


Have you been successful in finding a work at home part-time job for extra income? If so, can you share the info? I just requested info from wahm.com which suggests a start up fee of the lowest amount being $50-$100. I got scammed on another for $47.00 with a link to there website with very elementary info which was more common sense but no firm info on companies to ‘apply’ to?

Yes you would have to commit to being at home certian hours during the day. Charges depends on Volumne higher volumn is less per call plus you need to consider how long a call takes. Generally less then 6 minutes. One gal charges a fee of $2 an hour plus $5 for each appointment booked. She is now serving 3 clients and makes about $100 per day. She is either home or has her sister home. One of her daughters has medical issues which make taking her out of the house risky so someone is always home. The other gal forwards her calls to her cell phone when she is out but is home more often then not.

You would have to use caller ID to or priority ring to know how to answer the phone. If you like to run around alot then this is probably not a good plan for you. Only if you declare the income can you write off your phone services and computer services. Providing this kind of service is a business. It has to be run in a professional way. Attracting new clients depends on how well you serve your current clients. You have to have structure in your day to be sucessful at this biut that is true for most endevers.

Last time when I needed money I decided to opt to payday loans instead of looking for part-time job or borrowing cash from my relatives. My experience? Very positive, I have to admit. Just visit any trusted and established website facilitating instant payday loans – and you are OK. Also, remember to borrow responsibly. Ask no more than you will manage to pay back.

I’m assuming you were still confident that you’d get approved and you “still had some more credit” when you applied for zero interest loans. Glad you had that option. Some of us are not that confident.

I joined hoping I could find some answers to my debt problems and fears. I am trying to find out if anyone has used a Debt Settlement company. Not A consolidation but negotiation, where they offer your creditors a percentage of the money you owe, usually in the 50% range. At this point loans are not an option.

I haven’t used one but this is the only one Suzie orman recommends in her book due to their low costs & non-profit status – https://www.nfcc.org/

I currently belong to a credit counselor. They are a non-profit organization. They do get a monthly fee of $25 for handling our debt but it is tax deductible since they are a non-profit organization.

What you want to do is ask A LOT of questions. Some debt consolidators collect your money and wait until you have enough to pay one of the bills in full. You don’t want this. This is the thing that screws your credit up worse. The one I use pays each bill we took them every month. So no one is building up additional fees.

I am not sure what you owe but I would spend time investigating who you use. Did you know you can actually negotiate the deals yourself. You just have to call and talk to the right people.

A credit counselor will look at what you owe what you need to live on and create a payment plan that works for you. My husband and I owed $80,000 we started the program June 2004 and will be out by June 2016. We pay $445 a week. But that is what we could afford. I do know you usually have to pay 1% of your total bill a month. And they try to get you paid off in 5 years. Also they help lower all your interest rates.

Good luck, hope some of this info has been helpful.

I started out by calling CCC but after reviewing all the info decided to do it on my own. They were only going to be able to lower my interest rates by a couple of points on most of my cards and were actually going to raise my interest rate on one of them.

What I decided to do was take a couple of those credit card offers that have 0% interest and pay as much toward my debt as I can. make sure you check out the interest rate before getting into any debt consolidation program.


You should be careful about using the Debt Management Companies. Most of them have non-profit status, but charge you fees for their service. The service they perform is something you can do yourself, especially since you have managed (you’ve done a great job) to keep your Credit Card payments from being delinquent.

I am concerned about the amount of debt that you owe. Is that all credit card balances..or does it include automobile balances. If you own a home, a refinance or second-mortgage home equity loan may be the best option. There are plenty of programs available even though you just started your new job and your Credit Score may be lower than it was before.

If you don’t own a home yet…then you will need to develop a plan to reduce the interest rate and monthly payments on your cards. You may be able to negotiate some reduced terms with your debtors.

I saw your question and thought I might be able to help. If you are talking about debt consolidation program, be sure to check them out well. If your using one of those companies that lump all your debt into one payment and then they pay it off for you, it will affect your credit.

It is not the same as getting a loan from your bank or credit union. So be sure you ask how it will affect your credit rating. In a way it’s just like filing bankruptcy and stays on your credit rating for a number of years.

To my knowledge your employer does not get informed about your debt management. If your having funds withdrawn from your check, say to go into a special account, like a savings or checking they would not have any reason to know why your doing this. Its none of their business anyway.