Tag Archives: lower-interest
- I’d Like to Freeze My Debt And Lower My Interest Rates. – Cindy
“Dear Steve, My husband & I currently owe about $15,000 in credit cards. We have been paying on these for the last 10 years only to find ourselves with higher balances, due to late payments and high interest. Is there anyway to freeze the principal and lower the interest rates, so we can make some [...]
- I Supported Someone for Three Years That Completely Drained Me. – Jessica
“Dear Steve, I am currently about 15,000.00 in credit card debt and 2500.00 in student loan debt. I have come across many difficult troubles in the past 5 years and i also supported someone for 3 years that completely drained me. I am currently working three jobs just so i can get by and pay [...]
- Converting 8.9% Variable Credit Card to 3.4% Variable Equity is Bad Deal. George
“Dear Steve, I have $22K in credit card debt(on one card) with an 8.99% variable rate. Minimum payment is about $450/month. I have recently began to pay more than the minimum(last month i paid $1000) since I would love to pay this off or at least bring it down so my minimum payment isnt so [...]
- How Should I Borrow? The Pros and Cons of Different Types of Loans and Debt Solutions
If you’re in debt you may have considered borrowing to consolidate your payments, lower your interest costs or even to stay afloat a little longer. Before you borrow, consider your options carefully. No matter how attractively some loans are marketed, they can’t solve your debt problems. The only way to do that is to spend [...]
- I Have Three Credit Cards With Rates Around 25%. How Can I Get Out of Debt? – Bill
“Dear Steve, I have over 13k in credit card debt with 3 cards, my rate on all 3 is around 25% How can I lower the rate. I have a steady job so far, my wife doesn’t, she is self employed. we have 2 car pmt and a mtg payment How can I lower the [...]
- Is There a Debt Management Program For Folks Who Are Not Currently Behind? – John
“Dear Steve, Between medical bills, my son’s college tuition, and just plain being stupid, my credit card debt has just gotten out of control. I’m not having any problem making minimum payments right now, but I see that changing in the coming months. We bought a house last September and as soon as the mortgage [...]