Question
I am about to max out my credit card, my interest rate is ridiculus and im a broke college student! help!!?
So I only have 80 dollars left on this card. I have or well had a 4100 dollar limit and througout the years thathas dissapeared. Now my minimum payment each month is 300 dollars and there is NO WAY i can pay that!! I live in an extremely expensive town and that on top of everything else i have to pay is nearly impossible. I have no idea what to do. Take out a loan?? What do i do?? Someone please please hep me!! My others cards have no where near that amount to do a balance transfer and the interest is eating me alive. Can I get some kind of loan to pay this and then have lower interest on that? Or cant you do a consolidation loan and pull them all into one payment? If so how do i do that? I am not $10.000 in debt of credit card bills like a lot of them say you have to be...so im stuck.And i already caled my credit card company to try and get my interest rate lowered again and i cant so im just screwed! SOMEONE PLEASE PLEASE HELP ME!
7 months ago - 4 answers
Best Answer
Chosen by Asker
Do not close the card cause it lower you available credit line. You also can use this service to pre-estimate future scores for different scenarios of credit card payments. - creditreport.fateback.com
by Dave
7 months ago
Asker's Rating: 
Other Answers
Ask to speak to a Supervisor of the card company. Do not give up.
by mr pickle- 7 months ago
If you have good credit you can balance transfer the account to another card with a lower rate. If you don't there aren't a lot options other than entering a Debt Management Plan (DMP) with a non-profit credit counselor like CCCS (Consumer Credit Counseling Services). Contact your local Red Cross for a referral. They can negotiate lower payments and interest rates. They do not negotiate settlements. They will require you to stop using all credit and to cut up your cards. Your credit report will be updated to "enrolled in debt management." This does not damage your credit, but it may make it impossible to obtain new credit while you are enrolled in their program....so don't use this service if you anticipate applying for a new apartment, car loan or mortgage anytime soon, as you would probably be denied while you're enrolled in the CCCS debt management program.... Otherwise, it can be a very good way to deal with your debt. Note: If you need student loans in the future, you might not want to do this as it may affect your ability to qualify for more loans.
by CatDad- 7 months ago
Hmmm. Try this site - www ... There's a link at the bottom of that page (I think) to a consumer counselling agency in your area. If it's not on that page it's the next one but it's there. Good info on everything to do with credit cards and how to deal with debt and the CC companies. Hope that helps.
by malkie66- 7 months ago