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Sub: #1 Christopher Layton
Replied on 07-09-2011, 08:09 AM
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We have a massive credit card debt ($60,000 plus) generated to run our business. Our original interest rate was 6.5% to 9.5% We have good credit and have kept up our payments. Without provocation our rate was raised to 30%. We have tried to get the interest lowered by contacting the CC companioes without success. What can we do?
Christopher




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Sub: #2
Replied on 07-10-2011, 08:05 PM
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Hi!
Welcome to the Forums!

Well, you have to contact the credit card companies regarding this issue. Explain them that you have been a good customer till date. Request them to reduce the interest rate on the card. If you are not able to reach an agreement with them, then you can get help from a reliable debt relief company regarding this issue. They may help you to pay off the massive credit card debt.





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