I’m living on a limited income. Social Security $1060. and a small pension of $160. I lost my Long Term Disabiltiy when I turned 66 which was $549 so I lost a lot of money. I have a credit card with Wells Fargo that use to be 11% until they received the money from the government. Then my interest rate jumped to 25%. I finally got them to lower my rate to 21% fixed. Payments are $253 and I owe approx. $8500. I also have a Captial One credit card at 17.85%. Owe $2700. and payments are $71.00. The last card I have is interest free for another 6 months. It’s a Discover Card my balance is $2800. Before Wells Fargo raised the interest rate I was making large payments to Discovery. Now I can’t do that so I send $200.
I pay on time and have never been late. I talked to Accredited Debt Relief and they told me to stop making payments and go into default. I can’t do that. I wish to have my interest rate lowered so I can make the payments. Right now it’s been very hard to keep things going since I lost my LTD. Can you please tell me which way to go and who would be the best company to go with. I’m in Calif. Thank you so much for your help.
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.Accredited Debt Relief Says I Will Need to Default on My Debt. I'm On a Fixed Income. - Vicki by Steve Rhode