Credit card debt at high intrest rates

Date: Tue, 11/28/2006 - 07:28

Submitted by rgreene
on Tue, 11/28/2006 - 07:28

Posts: 11 Credits: [Donate]

Total Replies: 2

Ok here is the deal. I have one credit card with about 16000 on it and I got behind 30 days because they jacked the interest up. I am fine making all of my other payments. This card is with chase bank. I have one other with Chase bank that I am caught up with but I would like to do something with it. Chase is calling but that is the only one I ever hear from each time. I cannot get them to work with me, If they would lower the interest and the payment I would be fine. I just got a raise but this is eating it up each day. I just need sound advice on what to do with this debt.

hello

lrhall41

Submitted by TASHA_MOSELEY on Tue, 11/28/2006 - 08:22

( Posts: 408 | Credits: )

rgreene Hi, welcome to the forums! How long have you been

rgreene

Hi, welcome to the forums!

How long have you been a customer with Chase? You mentioned that you have 2 credit cards with them, does the other one have a similar credit limit? Also have you been a fairly good customer with them; making your payments on time, etc?

Call Chase and explain your situation. Most lendors should have at least some type of heart when it comes to new job transitions. If they're unwilling to work with you, start looking for a new credit card (if that's what you want). Write a letter to Chase explaining your desire to leave because they weren't willing to lower the interest rate.

If you find a new credit card with a lower interest rate, you could possibly have the balance transfered, and then you could close out the Chase account.

Regards
Mike

lrhall41

Submitted by Teleport on Tue, 11/28/2006 - 08:34

( Posts: 1388 | Credits: )