Comments on: 6 steps to reducing your credit card interest rates

By: Mack jackson

Mack jackson — Mon, 06 Jul 2009 09:22:38 +0000

Ya i agree that you should buy what you can afford, according to me we keep the credit cards as an added facility, but sometimes it cost us too much for making payments of the credit card bills.

By: Kathleen

Kathleen — Mon, 18 May 2009 15:10:13 +0000

I owe over 35,000 total on 4 credit cards. Most of the money came from helping children who had lost jobs due to the economy and needed to pay insurances, mortgages, medical bills. They are still all struggling to earn enough but are also learning to do without and face their creditors rather than ask for more help from me. About 10,000 was put on over 4 years by me for my own needs because I began earning less and less each year in my industry. And about 5,000 was put on for my wants.
I am considering bankruptcy because I have been unable to find work since January. I must work nights in order to care for a grandchild one more year. Our entire area is suffering. Most jobs available require college degrees, very flexible scheduling, or being a strong, etc. male.
I have nothing left to sell and only own a 7 year old car. And I live with children who struggle now when once they prospered.
Believe it or not we are all very happy and making the most of opportunities to help each other.
My interest rates are between 14.99 and 5.99 on what I owe for the most part with about half being at 9.99. So asking them to lower their rates seems like begging for trouble.
I am almost 56. My job opportunities without retraining look less and less attainable.
I would like to declare bankruptcy of some kind. Ask children to help me afford retraining while living with one of them (they will), and then, in the future, pay off my debt. Is this possible? Is there a form of bankruptcy that admits I am unable to pay but will try to in the future?
Thank you.

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Thu, 30 Apr 2009 14:43:10 +0000

[...] CPF from Christian Personal Finance presents 6 steps to reducing credit card interest rates. [...]

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Wed, 18 Mar 2009 01:52:23 +0000

[...] 6 Steps To Reducing Your Credit Card Interest Rate @ Christian PF [...]

By: elementaryfinance

elementaryfinance — Fri, 06 Mar 2009 03:34:54 +0000

Of course the best way to avoid interest rate issues is to pay it off each month. Don’t buy more than you can afford.

By: Craig

Craig — Thu, 05 Mar 2009 20:21:47 +0000

I have been fortunate to pay off my CC in full and have not had to worry about this issue. But any time you can lower your rates you should. Is this something you would recommend even to ask if you don’t have that issue right now?