Latest Posts
Home > Ask The Get Out of Debt Experts > I Am Current But Can I Skip a Payment and Lower My Interest? – Juan

I Am Current But Can I Skip a Payment and Lower My Interest? – Juan

“Dear Steve,

I have a low credit score, a high car interest and payment, and I am trying to get my kids and myself a house. I know the value of your credit is pretty important. I was not wise in the past and now I am paying for it. I am current on everything thank GOD, but would really like help getting out of my situation ( credit wise ). If you can please help I would really be thankful and appreciative.

I have a high interest rate along with a high payment for my budget. Is there any way I can skip a payment and lower the interest and the payment at the same time?

Juan”

Dear Juan,

The only two ways that come to mind would be for you to explore a lower interest rate consolidation loan like LendingClub.com offers, or to enroll your unsecured debt into a credit counseling program to lower the interest rate of those cards.

Depending on the balance still owed on your car, if you did get the LendingClub.com loan you might be able to pay off the car loan and consolidate your other bills into a lower fixed rate unsecured loan.

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.

Get Out of Debt Free Hotline
debt settlement helpstudent loan help

About Steve Rhode

Steve Rhode
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.
  • http://getoutofdebt.org Juan Muniz

    Thank you Steve for the answer on my question. This info was very valuable and would like to thank you for your very important time.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.