We owe about $8300 on two credit cards and I want to get the interest rates lowered so I can get them paid off sooner. I do have other debts but do not want them on this.
What group is the best to help on this without hurting us more and are not rip off artists so to speak?
The first step would be to explore credit counseling. The credit counseling link will take you to more information and a group that has impressed me. If you don’t like them for any reason then let me know. Don’t make any move or sign up for anything unless you are confident it can help achieve the goal you are looking for.
Credit counseling is not a perfect solution. Cards included in the debt management program will be closed and that does have some impact. But there is no solution that can intervene without some consequences.
You could always consider a fixed rate debt consolidation loan if your credit is good. You’d have to apply for the debt consolidation loan first to see what the interest rate would be. However, if you go with the debt management approach the credit counseling group can tell you in advance, with some certainty, what the rates would be in the program for your creditors.
Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.