Laurie wrote to me through the GetOutOfDebt.org site and asked the following question. 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.
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“Dear Steve,
I am current of all of my debt. Do not have any past due debt. I do have about 25,000 in credit card debt and would like to consolidate, however am having a difficult time finding someone. Also, my main problem is that I have a Bank of America card fo 12,000 that they just raised my interest rate to 24.99%. I have called and ask them to lower it and they won’t even work with me. Any suggestions?
Laurie”
The Answer:
Dear Laurie,
I just wrote about a Bank of America 24.99% credit card rate, read this.
Your only option would be to look in to a debt management program. In a debt management program, Bank of America, will reduce your interest rate as low at 7% but it will hurt your credit.
