I Am Being Buried Under The Credit Card Fees and Costs. – Dawn

“Dear Steve,

Steve, my I take this opportunity to thank you for your service. My family’s financial situation has taken a drastic change resulting in having to use credit cards to stay afloat for a time, something I would never do if another choice was available. Though I pay my credit cards each month, I have had occasion to be a few days late and these companies have raised my APRs from 8.99% to as high as 29.99%. I am being buried under these fees/costs. I desire to pay my debts but these usury rates are criminal and not within my means to satisfy. I’ve made attempts to negotiate with my credit card companies, but am told there is nothing they can do to help or work with me to lower these rates.

If you have any effective advice that could help me in lowering these interest rates I would be abjectly grateful.


Dear Dawn,

I think you are the first to ever tell me they were “abjectly grateful”, thanks.

First, we have to start with it is what it is. We can rail against the past and creditor actions but that won’t change the current reality.

You have two options here. If you can afford your regular payment on your credit cards then click here for credit counseling information and find out how the interest rates may be reduced.

However, if the minimum monthly payment is too high for you and not sustainable then click here to find a local bankruptcy attorney to talk to and find out what bankruptcy would mean for you.

Bankruptcy would result in 0% interest while credit counseling would reduce your interest depending on the offers your individual creditors have with credit counseling groups.

Don’t get stuck in looking backwards. Take action and let’s get this fixed.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

Do you have a question you'd like to ask me for free? Go ahead and click here.
Damon Day - Pro Debt Coach

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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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