My debt is around $40,000
Date: Fri, 02/02/2007 - 11:47
I have credit card debt around $40,000 with many craditors HSBC, Capital One, American Express, Chase, Bank of America, and the biggest one with Citi Bank about $11,000 most of them have high interest rate around 27-32% apr. I am seeking for a craditor who can lend me some amount of money with a lower rate to pay off some of debt with these creditors. Please let me know if you can help mer out with this. I am a trustable person. I've been paying this debt with very high rate for almost two years...Thank you
Once you have the negative accounts in positive shape, creditors
Once you have the negative accounts in positive shape, creditors will be willing to offer credit at a lower interest rate. Your credit scores will go up after the debts are posted as 'paid' in your credit file.
Take a consultation quote from a counselor. You might be able to pay the existing debts at 10-15 percent interest. You will be given some easy repayment options. Figure out the best one that suits in your situation and get started with the plan. You will be taking a very important step in achieving a debt free life.
