Need help?
Date: Sat, 04/10/2010 - 16:13
I am not past due with any creditors, but I feel over my head with debt. I have 9 credit cards.
3 chase 1 w/13% 1 w 11% and 1 with 26%
3 citi 1 w/6.9% 2 with 29.99%
2 discover 1 w/6.9% and 1 w/16.9%
1 Am Ex w/3.9%
1 BOA w 16%
Also have 2 mortgages with BOA, checking is with another bank.
I thought about letting them go past due to get help, but am scared. I know I will mess my credit up, but it is already saturated. Total on credits cards is about 65k. I only would like to settle the high interest cards. Will interest rates raise on the others if I do that?
3 chase 1 w/13% 1 w 11% and 1 with 26%
3 citi 1 w/6.9% 2 with 29.99%
2 discover 1 w/6.9% and 1 w/16.9%
1 Am Ex w/3.9%
1 BOA w 16%
Also have 2 mortgages with BOA, checking is with another bank.
I thought about letting them go past due to get help, but am scared. I know I will mess my credit up, but it is already saturated. Total on credits cards is about 65k. I only would like to settle the high interest cards. Will interest rates raise on the others if I do that?
When you have more than one credit card with a bank, some chance
When you have more than one credit card with a bank, some chances remain that the creditor may increase the rates on other cards when you default on one, though it shouldn't be the case since every card is a different agreement.
Settlement would definitely lower your score. I'd suggest that you explore other options too before considering defaulting on your cards.
Call DS Financial at 866-833-6398 they can help you. They settle
Call DS Financial at 866-833-6398 they can help you. They settled a majority of my cards at around 28 cents on the dollar in less than 90 days. I have to admit most of my cards where chargeoffs.
