$250,000 in credit card debt
Date: Mon, 09/03/2007 - 19:00
Hi, I have about 8 cards with a whopping $250,000 total debt. Believe it or not, I have up card limits with a total capacity of $450,000. FYI, most of the debt is at 0% or 1.9% intro offers. Also, it is unlikely that I am going to default on any of it.
One bank seems to be nervous and lowered my limit to my current balance. Does anyone know if this likely to start a series of steps that is going to make things tough on me--higher payments, etc?
Also, do credit card companies get so nervous in these kinds of situations that they make preemptive offers to settle? I do not want to do anything to get out of paying, but if a company came and offered to forgive 20% of the debt if I would pay them off, I don't think that would be an ethical problem.
One bank seems to be nervous and lowered my limit to my current balance. Does anyone know if this likely to start a series of steps that is going to make things tough on me--higher payments, etc?
Also, do credit card companies get so nervous in these kinds of situations that they make preemptive offers to settle? I do not want to do anything to get out of paying, but if a company came and offered to forgive 20% of the debt if I would pay them off, I don't think that would be an ethical problem.
Do you have the ability to pay off the loans? When do the int
Do you have the ability to pay off the loans?
When do the intro rates expire and regular rates begin?
End your payments
There are some good solutions out there to end your No advertising allowed per TOS Bossy4455
You don't seem very nervous about this debt. Is this something y
You don't seem very nervous about this debt. Is this something you are planning to pay?
